Great start to 2010

Are the times ahead rosy for property investors in South Wales?

Property prices are at very reasonable prices when the current rental figures are taken into account.

From the Rhondda Valleys where three bedroom properties can be purchased in rentable condition for around 40-50K mark with rental incomes of £90-£95 p/c/w, all the way to Cardiff where two bedroom properties are being snapped up for around the 100K mark with rental figures up to £550 p/c/m, there seems to be plenty of choice for investors.

We are frequently passed BMV deals in some cases in excess of 30% with the norm around 15%. The rental figures are also stacking up with returns on investment into the high teens giving most professional investors all the indicators that now is the time to buy.

To put a so called cherry on top, there seems to be an abundance of tenants around especially in certain areas and for certain properties. We at The Landlords Letting Company Ltd have had the busiest January in our history, add to that historically February and March are our busiest times of the year I envisage an excellent start to 2010 for the majority involved in property.

In summary excellent times ahead for the short term at least!!!!