Now is good time to buy, says ARLA
Now is a good time for those who can afford it to invest in property, the Association of Residential Lettings Agents (ARLA) has said.
ARLA revealed in its quarterly members' survey for the first three months of 2009 that landlords are buying more properties than they are selling for the first time in two years.
Andrew Oulsnam partner in Robert Oulsnam & Company and member of ARLA commented that the present time represents a promising period in the market for investors to buy, "provided they are not going to be overstretching themselves on their borrowing and that they have done sufficient market research in the area".
He suggested that those keen to invest should check if the area they are considering is seeing a lot of buyer activity, as this could indicate whether it is a good place to make an acquisition.
The ARLA news may be a further indication of optimism in the buy-to-let market, alongside the findings of the first quarter survey by Young Group this week.
Young's research showed that more investors are planning to buy in the next 12 months than was the case in the fourth quarter of 2008.