27 Apr

Potential landlords must 'research investments carefully'

 Considering local transport facilities, location demand and a "good mix of economic activity" are all factors to consider when planning to purchase a buy-to-let property.

This is according to spokesman for the Tenancy Deposit Scheme Malcolm Harrison, who provided tips for potential landlords.

He noted that now is a good time to enter the rental market, but individuals must carry out thorough research in order to ensure their investment is profitable.

Mr Harrison commented that while some areas do not offer a very high yield, the capital appreciation may be attractive.

"You need to take the trouble to work out the location, the kind of people that want to live there and the kind of tenants that you are likely to get," the expert remarked.

The news comes after a recent report by Connells revealed an increasing number of first-time landlords are entering the market after being attracted by the high yields many rental properties are achieving.

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