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Now "a good time to be a landlord" in Europe

Article Date : Tuesday, June 19, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The current European property markets mean that it is a "good time to be a landlord" in the continent, one expert has advised.

Stephen Hayes, managing director and portfolio manager of Perennial Real Estate Investments, said that the growth of Real Estate Investment Trusts in Germany and Italy is part of this improvement, the Financial Standard reports.

Additionally, rising rents and falling office vacancies mean that the market basics will remain strong, he predicted.

Mr Hayes added that the "phenomenon is creating opportunities on a globalised basis [that] are just incredible."

Additionally, Europe contains a large number of people with high incomes due to low taxes, he noted.

Liam Bailey, the head of residential research at Knight Frank, recently advised Britons that there is a great deal of profit to be made through sensible investment in the German property market.
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