30
Apr
Buy-to-let property investors 'should target specific markets'
People who invest in buy-to-let properties in the UK should target
specific sections of the market, it has been suggested.
According to James Davis, chief executive officer at upad.co.uk,
doing this can help landlords avoid periods when their homes are
vacant.
He said: "Make sure your property is geared up according to who
you're actually letting to, rather than just taking a general
viewpoint."
The expert added that understanding who it is they are trying to
attract as tenants is vital for landlords, as is knowing what is
happening in their local area.
His comments follow the release of figures by the National
Landlords Association that show the number of investors
experiencing void periods over the last year remains high but has
stabilised in recent months.
In addition, the average annual length of time such people go
without rental income has fallen from 19 days to 17 days, the
organisation revealed.
