1
Apr
Long term is sensible property move, says ARLA
Investing in buy-to-let property with the long term in mind is the
best way to go about it, the Association of Residential Lettings
Agents (ARLA) has said.
Discussing the recent finding by ARLA that the number of properties
being bought by its members is more than that being sold for the
first time in two years, operations manager Ian Potter explained
that buyers know that rents offer better returns than other
investments.
He stated that such buyers will look to invest for five to 15 or
five to 20 years in the expectation of prices rising again over
time.
"Whilst there's an argument that property prices could still go
down, there is an even stronger argument on supply and demand that
property prices in the long term will go up," Mr Potter
noted.
Recent research indicated that asking prices for property have been
rising.
The Rightmove house price index for March found that the average
figure requested had risen 0.9 per cent since February to
£218,081.
