Buy-to-let investors in the north-west of England have been assured that a recent vote against congestion charging should not affect the value of their properties.

The people of Manchester chose overwhelmingly to reject a proposal to force motorists entering the city to pay at certain times of the day.

But Vicky McCarrick, manager at Manchester-based Dandara Lettings, insisted that the outcome would have little impact on house prices.

Although the 'no' vote could lead to an ongoing problem with congestion which could prompt people to want to move out of the city centre, she said the overall effect on values would be limited.

"It is going to be quite hard to predict but as a kneejerk reaction to property prices, I don't think the congestion charge is going to be the thing that has an impact,"Ms McCarrick said.

She went on to add that properties close to good transport links are "always a good thing to have", and prices may increase in the future.

However, the market would first have to recover from the current slump caused by the economic situation in the UK, she concluded.

House prices across the UK fell by 0.4 per cent last month, according to Nationwide.ADNFCR-2002-ID-18933957-ADNFCR

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