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Long term view for Landlords
05 June 2009
Landlords should be aware that property investment is likely to make them money over a long period of time, not over a one to two-year time span.
This is the opinion of editor of Property Hawk website Chris Horne, who acknowledged that the buy-to-let sector has been tough for landlords in the last few years, but those individuals who are new to the industry should be thinking about long-term success.
'Really a landlord should be looking at the investment over a 15 to 20-year period and that is when they can measure whether the investment has paid off or not,' the property expert explained.
Despite the recent tricky economical times encountered by those who have made a property investment of late, low interest rates may have provided a silver lining.
With the base rate being brought down to an all-time low level of 0.5 per cent after gradual declines in the last 18 months, Mr Horne suggested that 'rental profits are actually up 500 per cent over the last couple of years'.
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