Big towns best for buy-to-let investors

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Landlords should avoid investing in buy-to-let properties in places which are not large city centres.

That is the opinion of BuyAssociation, which has advised those who rent out house or flats that they should not consider buying in small towns because the rental demand will be very low.

This is because commuters will not want to live too far away from the busiest commercial centres. In addition, BuyAssociation said that those who will want to live in quieter places will often be making their move permanent and as such will be looking to buy rather than rent.

However, editor Paul Collins said that while it can be "tricky" having buy-to-let properties in small towns but landlords could find that families may rent from them.

"In terms of buy-to-let investment, it can be tricky when you move further away from the big centres and employment because people tend to buyin those areas [outside of major cities]. It's somewhere they'd like to buy, settle and spend a significant amount of time," he said.

"They would probably be looking to buy, rather than rent. I think that you might find that if you have a family home, you may be able to rent that out, but smaller commuter-based properties might not be so popular."

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