Investment Property News - Bueno Investments Limited

Those looking to buy property-to-let in the near future plan to take a hands-on approach to their investments, with a majority saying they would manage the properties themselves, according to a survey.

Some 54% would manage their properties themselves rather than pay an agent to do the job.

And more than a third said they would fix problems and maintain the property rather than pay a professional.

Some 88% also admitted they would drive by regularly to check how well the tenants were keeping it, according to Birmingham Midshires.

Tim Hague, managing director of mortgages at Birmingham Midshires, said: "With landlords enjoying an average return of 16.3% in 2007, a buy-to-let remains a sound long-term investment. We expect firm demand to continue throughout 2008 and beyond."

Copyright © PA Business 2008

http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.askbm.co.uk (Birmingham Midshires)