After the traumas of 2008, the years 2009 and 2010 have brought better returns for buy to let property investors. Now, although bank lending remains tight, the advice from many experts suggests that a high and still increasing demand for lettings, rising rents and low mortgage interest rates foreshadow a brighter outlook for buy to let property investors, if they can raise a buy-to-let mortgage.
However, choosing the right property to buy is the ultimate key to a profitable investment, and it's essential to consider both the area and your target tenant market very carefully before investing in a buy to let property.
Where to Buy a Buy to Let Property
Generally speaking, a city or town with a rapid population turnover is likely to generate the greatest demand for rental accommodation, and hence the highest rents and the shortest downtime between lettings. Rural lettings are very much less in demand, except in popular holiday areas, where holiday lettings can be very profitable.
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