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Should you invest in a house or a flat is a question that we are asked frequently but it doesn’t always have a definitive answer.
Some in the industry would argue that landlords are starting to favour flats over houses because they tend to give a better yield. And there is some truth in that. Flats are generally cheaper to buy than houses and based on certain locations can bring more in rent, however, there are other things that you do need to consider.
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To succeed as a landlord, you need to have a realistic idea about the costs you’ll encounter when letting out a property. Many people enter the lettings market thinking that being a landlord will be easy. But it can involve a lot more than giving the tenant the keys and then collecting the rent each month.