Landlords still stand to make a profit

Serious buy-to-let property investors are still able to make money out of the market.

That is according to the Building Societies' Association (BSA), which says that demand for rented accommodation remains high.

However, the organisation also reveals that landlords could get into trouble if they are not prepared to put the required amount of effort into the investment.

"The danger is what is referred to as 'dinner party buy-to-letters'; the people that find themselves talking to someone at a dinner party who bought ten properties ten years ago and is now worth £3 million, and they think they need to get in on the act," said Neil Johnson from the BSA.

"For professional buy-to-letters, who know what they are doing, there is still money to be made.

"There are still people that want to rent and there are still people unable to buy, so while that remains the same there will always be opportunities out there for buy-to-let investors. They just need to be careful they aren't buying in areas where the market is swamped. As long as they do that they will be alright," he continued.

The Council of Mortgage Lenders recently said that believes that buy-to-let market will remain stable in 2008.

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