Press Release Summary: Those investing in buy-to-let property will have many issues to consider as they do so, from cost and location to the market being served.
Press Release Body: Those investing in buy-to-let property will have many issues to consider as they do so, from cost and location to the market being served.
All these factors tie in of course. Accommodation in a holiday resort is best suited to tourists. Flats in city centres are ideal for young professions, while homes near universities invite the student market.
Those looking for the ideal tenants may find great advantages in either of the latter markets, industry experts have said. Landlord advice website Property Hawk has said professionals are the best tenants of all to have.
Editor Chris Horne said that this group offered \"steady\" and \"regular\" incomes, not to mention higher ones than most people, explaining: \"With professional tenants, they tend to be able to pay a little bit more rent and they\'re often looking for slightly better accommodation. Effectively they\'re the cream of the crop in terms of what a landlord\'s looking for.\"
This higher quality accommodation often meant not just the fabric of buildings but the amenities within, he added, but this had advantages too: \"They demand extra - things like broadband connections et cetera - but in return for that a landlord can often charge a premium rent.\"
Mr Horne added that in most cases, the exception being short-term tenants on temporary contracts, accommodation best came part-furnished, stating: \"Most tenants, even professional tenants, are looking for what\'s called part furnished - basically the cooker, white goods, fridge freezer et cetera . They just want an empty space which they can customise themselves.\"
While professionals provide security and high amounts of income, student property is another area where buy-to-let investors do well. The latest of an increasing number of studies showing this segment yields better returns than the market average has come from estate agent Savills.
Figures from Savills show that the past two years have seen student rents rising by 31 per cent, higher than the overall market. It may also be worth noting that this has happened at a time when new university campuses have opened in some locations, creating fresh opportunities in places such as Carlisle and Ipswich.
With Assetz chief executive Stuart Law describing student property as \"one of the most lucrative investment opportunities in the current market\", potentially paying off a buy-to-let mortgage in as little as 20 years, this too is an area well worth investigating.
As student numbers have risen and new university sites have emerged, so too have a large number of high-quality apartments in urban areas. Each in their own way offer numerous opportunities for buy-to-let investors.
In today\'s world Property investment is an excellent investment option especially investment in UK
2022
