Rents are too low to cover most mortgages, plus cost of maintenance, etc. If they do, then it means one has introduced a sizeable chunk of capital for the purchase of the property.
It would be more prudent to put your money into bonds or something similar – even a high interest bank account would be more appropriate.
Property prices will crash over the next three years.The economy is in for a rough ride.
Buy-to-let properties in Birmingham,Leeds and some other large cities where apartments have been sold on the false premise that they are great buy-to-let investments are already dropping in value like stones. They were bought for prices that were way too high in the first place by amateur investors and sold along with false promises that they were discounted in price by lying developers.
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