lettings appletons on 06 May 2007 12:03 pm
Investors go local
A recent research highlights that more than 77% of property investors target their local area for investment; mostly within a 5-mile radius of their principal residence.
Adil Akkus, the director at Appleton Letting Agents in Reading commented: “The landlords who manage the day-to-day running of their investment properties need to target those areas that are as close to their main residence as possible in order to be able to deal with any problems. A good relationship with their tenant is very important.
However, at Appletons, we provide our landlords a great flexibility with our distinguished residential property management service. Many landlords who opted for investing further afield, in the Maidenhead, Reading and the surrounding areas of Berkshire, have employed our management services over the years. We oversee the everyday management of their properties, leaving the investors to concentrate on other areas of their portfolio management.
We have a considerable amount of very satisfied landlords from overseas as well as from other areas of the UKc.”
Landlords across the UK are expanding their portfolios as demand continues to grow within the buy-to-let market. Now 8% of the overall housing stock in the UK is accounted for by the buy-to-let mortgages; moreover the buy-to-let market is worth more than £73 billion.
