Profits still to be made in difficult buy-to-let market

People looking for investment opportunities in the buy-to-let sector could still make a profit.

According to Neil Johnson, PR policy manager at the Building Societies Association (BSA) "there will always be opportunities out there for buy to let investors", even though the market has changed, he admitted.

Mr Johnson said that the sector was "very different to what it was two years, even a year ago".

"There are still people that want to rent and there are still people unable to buy, so while that remains the same there will always be opportunities out there for buy-to-let investors," he added.

"They just need to be careful they aren't buying in areas where the market is swamped. As long as they do that they will be alright."

A recent study published by the Royal Institution of Chartered Surveyors stated that would-be investors need to lay down a deposit of £65,000 to get on the buy-to-let ladder, roughly 30 per cent of the average property's value.

Property Investment News posted on 21/11/2007 16:16:28