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Buy-to-let 'still a good investment'

Buy-to-let property remains a good investment for the long-term, experts have said.

While the housing market is slowing and the credit crunch is limiting the availability of affordable loans, the future, it seems remains bright.

Industry insiders taking part in a panel discussion at the Homebuyer and Property Investor Show last week, admitted that the mortgage market was tight, but said broader outlook remained encouraging.

"It has become a lot more difficult to get mortgages for buy-to-let investors," said David Austin of property consultancy Property For Life. "I'm still very positive about the buy-to-let market."

Seamus Nugent of the property development firm, Dandara, suggested that the rental market in Britain was growing, which would be good news for landlords who were in it for the long-haul.

"Property investment is a long-term punt, not a short-term gamble," he noted. "This country is slowly following the model of the continent, where 30 to 40 per cent of people are in rented accommodation."

With more people happy to rent, property investors are set to have no shortage of potential tenants.

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