Investors warned off buy-to-let, says National Homebuyers
Released on: September 25, 2007, 7:30 am
Press Release Author: Charlotte Burrows
Industry: Real Estate
Press Release Summary: Potential buy-to-let
property investors have been warned
against entering the sector if they are looking for short-term gains.
Press Release Body: The advice comes from John Charcol spokesman Ray Boulger, who
pointed to an unhealthy housing market as making buy-to-let investment an
unattractive option.
Mr Boulger highlighted his belief that house prices are not doing well and are set
to carry on this way for the next 12 months at least.
Buy-to-let landlord with financial concerns. We will help your situation
\"The health of the buy-to-let
market depends on the health of the property market
generally. The starting point is what people expect the property market to do. And
we are quite clearly seeing a slow down at the moment,\" he said.
\"From the point of view of buy-to-let
investors, I would not recommend anyone enter
that market with a short-term view.
\"We are in a situation where property prices are set to flat-line for a year or so,\"
continued Mr Boulger.
It is bad news for anyone who wants to generate some extra cash by becoming a
landlord or indeed wants to make a quick property sale.
The reasons for wanting to sell a property quickly vary greatly between individuals,
with some wishing to release equity, others trying to sell a home they inherited
through a family bereavement and others just keen to relocate.
Web Site: http://www.nationalhomebuyers.co.uk
Contact Details: Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk
2009
