21st January 2009
Buy-to-let property investors who are flexible are better placed to survive the current global financial downturn, according to the Residential Landlords Association (RLA).

The organisation says 2009 is going to be a tough year for many depending on what kind of property they hold and investors should brace for these conditions by understanding the market they operate in.

According to Chris Town, a director of the RLA, having "local knowledge is key to making the most of opportunities", which are going to be in abundance due to demand for rental stock.

"There's no doubt in my mind that some will find it really tough, however there is generally a strong demand for rental property in most markets," he said.

"Landlords who are not currently in the housing benefit market should find out about how it operates and discreetly check on their tenants' financial position."

The value of houses in the rental market has fallen by 8.3 per cent in the past year, according to the Association of Residential Letting Agents.



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