Friday, 5 December 2008
Buy-to-let starting to look interesting
I was never tempted by the buy-to-let market in the boom; it always seemed to be too good to be true. Now this whole first wave of small scale landlords are going bust; rents have fallen sharply as have property values. Looking through the latest Allsops auction catalogue and at the letting agents' websites, the numbers are starting to swing enough to get me interested. Not quite enough yet, but turning that way. I'd hate to buy at anything but the absolute bottom of the market, and the rental market is still volatile. But worth watching closely. A decent two double bed terraced house close to the hospital is a good bet; nurses are always going to need somewhere to live. Hmmm.