Property is "still one of the best options" for investment
Property is still a good option for those looking to invest their money, according to LandlordZONE.
Recent research from Paragon Mortgages revealed that one in ten landlords are hoping to invest in new property in the first quarter of 2010. Almost two-thirds are looking to specifically invest in terraced property, while interest in detached houses stands at just 10%.
Tom Entwistle, editor at LandlordZONE, said that caution should be exercised when people are looking at investing in buy-to-let properties, but the sector is still proving to be profitable.
"Property is still one of the best options when you look at where to invest your money for the future and, given the strength of the private residential lettings market in the UK, landlords will continue to build their portfolios," he explained.
Mr Entwistle added that the key to success was "investing selectively in the right areas and in the right properties at the right prices".
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