Would-be private landlords looking to make an investment in residential property should take a "medium-term view", it has been suggested.

According to editor of Property Investor News Richard Bowser, people with cash are looking to the property market to make a return due to the historically-low interest rates.

Ever since March 2009, the Bank of England's monetary policy committee has held the base rate at 0.5 per cent.

Mr Bowser explained: "Putting [cash] in the bank at the moment is a virtually zero return;therefore the attractiveness of residential property as an investment - if you pick the right property in the right place at the right time - is obvious."

Research from Barclays Wealth and the Economist Intelligence Unit this week indicated that 35 per cent of wealthy investors are planning to increase their property portfolios in the next two years - more than double the figure planning to decrease such assets.

Some 76 per cent of investors said they think there are opportunities to take advantage of in residential property.

Written by Mark Garner

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