As well issues to do with property tax, tenancy agreements and other landlord responsibilities, timing of a house purchase is one of the most important aspects of being a private landlord.

Therefore, private landlords wondering when next to invest in housing may wish to heed the advice of one UK-based property professional.

Timothy Lambert, sales and marketing manager at property consultancy Ducalian, has claimed that now is one of the best times in the last 20 years to make that commitment.

He said: "We stand by our conviction that now is the time to buy for investments, first-time purchases and those trading up. If you are trading down, hold, hold, hold."

Buyers' negotiating positions are better when property prices are heading downwards, Mr Lambert added, and there is still apparently around nine months until house prices bottom out.

Indeed, Nationwide Building Society said the average property in the UK has dropped 15 per cent in value over the last year.

Written by Claire Doyle
ADNFCR-2002-ID-19175032-ADNFCR

Related posts:

  1. Think before leaving your mortgage deal, expert warns
  2. Property bargains could appear in 2009, expert says
  3. Expert: Now is the time for property buying
  4. Property investors told to ‘act now’
  5. Expert forecasts volatile property market in 2009

Leave a Reply

You must be logged in to post a comment.

HOME