Andreas Panayiotou backs buy-to-let again

Landlord Expert
By Landlord Expert August 6, 2010 12:05

He may be splashing out £60 million to help develop a chic west London hotel with a butterfly house in the reception, but Andreas Panayiotou still has an eye on the buy-to-let market that was the foundation of his fortune.


In a rare interview, Panayiotou, who was one of the few to call the top and bottom of the market, said: ‘Residential property is very safe. It will be good long term. There’s a shortage of housing, and developers have stopped building.’


His predictions carry weight. Panayiotou, 44, born in the East End of London to Cypriot parents, warned in 2006 that a crash was imminent and began cashing in his £1 billion portfolio. Property prices tumbled more than 20 per cent between 2007 and 2009.

When economists made apocalyptic predictions in the spring of 2009, he revealed he was buying back in as he could earn more in rent than from the bank. A powerful recovery followed, which saw prices rise ten per cent in the year to April.

Even now, with the recovery faltering, Panayiotou is confident the worst is over. For would-be property investors he offers three rules - put down a 35 per cent deposit at least, buy only properties that are 30 per cent below their peak and look for a rental income yield of seven per cent.

Panayiotou, who started by developing a flat above his parents’ launderette, said buyers should expect capital increases of one or two per cent a year.

Watch the interview highlights at


Landlord Expert
By Landlord Expert August 6, 2010 12:05

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