The buy-to-let sector is still fundamentally strong, one industry expert has suggested.
Steven Hilton, a spokesperson for the National Landlords Association, said the private-rented sector needs to remain flexible for the situation to continue.
"We are confident it will adapt so that newer and more experienced landlords alike will be able to make a success of their lettings business," he continued.
A recent report from the University of Nottingham showed that established landlords are looking for opportunities to buy properties at reduced prices, which the NLA believes could be problematic.
Mr Hilton claimed that "speculative or uninformed investment" could be dangerous and warns people to think before spending their cash.
Local knowledge and active management is also crucial, the expert believes.
Nationwide reported that the average house price fell by 0.4 per cent in April compared to a rise of 0.9 per cent in the previous month.
See Also: Property News (6705)
Date Published: 15 May 2009
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