Some investors in property - such as private landlords - have been waiting for an economic downturn "for a long time", it has been suggested.

Property prices have dropped from their autumn 2007 high over the last two years - and managing director Keshav Thukaram has indicated that a number of property professionals feel they can make money in such an economic climate.

"They're cash rich and many of them started investment in property in the last downturn,"he explained.

Mr Thukaram also advised landlords to buy property while it is still at a relatively low level, although recent Nationwide Building Society research has found that house prices have increased for the last five months in succession and are now at similar levels year-on-year.

According to the building society report, there was a 0.9 per cent hike in the value of housing between August and September 2009.

Written by Claire Doyle

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