Landlords advised that 'location is everything'

Location is everything when purchasing a property and those entering the buy-to-let market for the first time may want to consider employment opportunities in their chosen area, it has been claimed.

New landlords may find that tenancy agreements are signed quicker if they can attract tenants to a region where there are plenty of opportunities.

According to dandara, transport links, universities, hospitals and the economic growth of an area are all key things to look out for when purchasing a property.

David Bates, business development manager at the company, said that "there are some great deals but you've still got to do your homework on where you buy".

"It's all about location," he added.

New figures from the Association of Residential Letting Agents' found that the number of new tenants in the three months leading up to the end of August had risen by 20 per cent.

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Published on: December 1, 2008

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