Residential property 'a relatively safe investment'

by Christopher Evans

Buy-to-let landlords may be pleased to hear that UK residential property has been described as a "relatively safe investment" by one expert.

Tom Entwistle, director of the online portal, said that compared to other investments, the housing market is a fairly attractive option.

Indeed, he pointed out that rates on savings are currently low, while pensions and stock markets remain volatile.

"The economy and the housing market appear to have stabilised, interest rates remain low and rental demand is still strong and likely to remain so," he stated.

Mr Entwistle's comments come after research by Paragon Mortgages showed that 21 per cent of landlords plan to buy property during the third quarter of the year.

During the second quarter, just 12 per cent were looking to expand their portfolios.

However, Mr Entwistle pointed out that landlords are still having difficulty accessing finance, which may restrict their ability to buy in the near future.

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Published on: June 25, 2010

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