Is it good and profitable to buy-to-let, and the areas.?
Answers:
Believe me, you are much too late. Timing is everything with the property market. We have seen unprecedented growth in recent years fuelled by an endless supply of cheap money. As a consequence of this, the residential property market is grossly over valued. As with shares, the general public only seem to get interested when we have reached the peak. However, because the property market has become so important in fuelling the economy, expect the government, the lending agencies, estate agents, architects and house owners to continue trying to talk them up. But I wouldn't touch the property market with a barge pole. This insanity cannot continue.
Brighton is an populated area, and you could easily get around 900 pound per month for a flat, but they are not cheap to buy, your looking around 175K for a flat . . . .
yes.
any area with a university
Well it certainly worked for me, Robbie Fowler
in the long term (capital growth) all areas are profitable
if you want to make a good profit in the short term you need to buy in run down areas where houses are cheap and the rent more than covers the mortgage
most parts of the country have their run down areas
there are two ways of investing really
buy a high yield property (rent is much higher than mortgage) but capital growth will probably be low as the area is undesirable and you will likely be letting to immigrants)
or low yield(not much profit in the letting at the moment) but high captial growth because the properties are in a desirable area
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