Mr. Panayiotou Says It’s Time to Buy

Andreas Panayiotou, one of the most successful British landlords, who was able to predict the economic downturn and to sell millions of pounds worth of btl property when the market was at its height, is now seeking to once again expand his portfolio. His decision is believed to signify that property prices and the UK property market in general will soon recover enough to generate good profits.
Mr. Andreas Panayiotou recently took part in the hour-long show dedicated to UK property prices on BBC2. The landlord revealed that the key to success is to closely watch the rise and fall of yields and capital gains. He added that his rule of thumb was to only keep those properties on his profile that generated yields, which exceeded his costs of borrowing and maintaining the property. The yields also had to be higher than the average interest rate, offered by mortgage lenders.
During the show, Mr. Andreas Panayiotou claimed that the UK property market is on the verge of recovery as it has already hit the bottom earlier this spring. He added that at the moment buy to let yields often reach 6%, while the majority of banks offer no more than 0.5% on saving accounts.
In conclusion, Mr. Andreas Panayiotou said that he is strongly determined that those landlords, who wish to benefit from the rising property values in the future, should clearly understand that the currently low cost of borrowing coupled with low property prices mean that it is the best time to expand the property portfolio.