Investment in property is still a popular way of making a return, it has been seen, despite falling house prices and a lack in confidence across the market.The threat of negative equity is enough to deter many first-time buyers from picking up a property in the current market, but the option to let out a property still remains attractive to some.
Jason Lines, site manager at one of George Wimpey West Midlands' flagship developments, purchased a home from the new site in order to let out the flat."I bought a two bedroom/two bathroom designer apartment because of the space available and the sheer value for money it offered," explained Mr Lines.
"I found a young professional tenant straight away and the rent more than makes it self sufficient. I obviously rate the product and the build quality, but this is also a very up-and-coming new area benefiting from a lot of regeneration." Homeowners hoping to make the most of cheap property prices in order to become buy-to-let landlords may wish to use safe storage in order to maximise the room in a flat.
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