Long-term property investors 'set to gain' from market changes

News Category: Management

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The increasing difficulty in entering the buy to let market will reduce the amount of speculation and as a result help long term investors get a better deal, according to a property expert.

Chris Horne, editor of Property Hawk claimed that while a potential landlord looking to buy a mortgage for a buy to let property may be put off, those with existing lettings who are seeking longer term investment look set to benefit.

He also highlighted the likelihood that new buy to let investment will avoid newly build properties in city centres.

"What is going to happen is that the speculative froth will be knocked off the buy to let market," Mr Horne said.

"In many ways, that is not a bad thing because it means that the serious long term investors will be more likely to get property for a reasonable price because the speculative element that has crept in over the last few years will have gone," he added.

Rics recently claimed that despite the increasing difficulty of getting onto the buy to let ladder, existing landlords stand to gain from rising rents and flat house prices.

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