Investors must select buy-to-let properties carefully

Buying-to-let is still a profitable way to make money, but investors must select the appropriate properties, according to Landlordzone.com.

Tom Entwistle, editor of the property advice website, claimed that "older terraced type properties" were often worth investing in, as opposed to urban flats which "are oversupplied".

The demand for people looking to rent houses is also likely to continue, according to Mr Entwistle, as consumers finding it difficult to sell are instead considering letting their property.

"It's still possible to make money, even now, but you've got to be very careful about going to the right brokers, getting the right advice and being selective about where you buy your properties," Mr Entwistle added.

Research released by Hurford Salvi Carr, a specialist estate agent for London city and docklands, reported a 5.5 per cent rise in new lettings in the first quarter of 2008, compared to the same point in 2007.

UK Property News posted on 31/07/2008 15:27:42