Property market 'is favourable for buy-to-let investment'

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Despite the current negative perceptions regarding the UK's housing market, it is a good time to invest in property.

That is according to two professional property investors, who, the Independent reported yesterday (Wednesday, April 30th), think that the outlook for the buy-to-let market is positive.

Rob Moore who runs www.progressiveproperty.co.uk with his business partner Mark Homer, told the newspaper that "the market is the best it's been for four years", adding that there are areas across the UK that are performing well.

Speaking to the Independent, Mr Homer advised that greater rental demand could be found in areas where income is "low to medium".

He added: "New-builds and off-plan homes carry a built-in premium and are more difficult to cover with rental income. Stick to one- or two-bed properties in period conversions or ex-local authority.

"We've found these typically have voids of less than a week per year, and tenants tend to stay put rather than see the property as a stepping-stone."

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