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A A AWith property prices cooling, it’s harder to make a quick profit on a rental property. This means that landlords may have to think in 10-20 year terms before investing in a property.
“It’s even more important now to do your homework,” says Richard Lambert, chief executive of the National Landlords Association. “There was an assumption in the past that you put your money in here and it came out there. More people are now looking for a rental return.”
According to the Financial Times, landlords should now be looking at holding a property for 10 to 20 years. The newspaper says that “because of stamp duty, capital gains tax and other costs, it is expensive to enter and exit property investments, so a brief makes little sense”.
If you’re not likely to make a quick profit on selling a property then the most important focus becomes on whether you will be able to find a tenant who will pay the rent you need to make the investment viable.
Source http://www.whathouse.com
Property to let has always been a long term investment and yield has always been king. I love this calculator where you can work out yield quickly before you buy HERE
Mary Latham Landlord
Anyone who has bought for short term gain has not bought to let.
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