Many owners have opted to place their properties onto the rental market while prices have been in decline over the past 18 months. Waiting for the market to improve before attempting to sell, owners understand that they can make some returns on their property rather than losses from selling in the current market conditions.

The benefits of a guaranteed income for the duration of the long term contract can assist owners to calculate realistic returns from their investment. As the majority of long term contracts are for the duration of around 12 months, maintenance on the property in minimal, without the need to arrange cleaners on a weekly basis between clients.

When purchasing or placing a property onto the long term rental market in a foreign country, it is recommended to contract a reliable property management company. Having a professional management company taking care of the property and assisting to resolve any emerging issues, can provide extensive ease of mind. Sourcing a suitable management company can be tiresome, yet can make a huge difference in the long term. Avoiding the use of a management company can save time and costs, yet is only suitable if the property can be easily accessed by the owners to resolve any issues.

When considering the purchase of a buy-to-let property for the long term market, the location is highly important to ensure strong returns and high demand from clients. Looking into the local market to gain a stronger understanding of the immediate surrounds is advisable. It is also important to become familiar with the legal implication of the country where the property is located, ensuring that both owner and tenant rights are fully understood.

The option to place a buy-to-let investment on the long term letting market continues to gain appeal. Changes in the real estate sector over the past two years have lead to variations of tactics and considerations for obtaining steady returns on investments in current market conditions.

Melissa Chappell