He went on to explain that in terms of whether it is a good time to join the buy-to-let market, it could be argued that landlords are currently obtaining properties which are around 20 to 30 per cent under current market value.
"You could then say that it could be a good purchase based on the likelihood of house prices generally going down, he said.
"However, there is always the possibility that it could actually drop further so it is all to do with what you perceive to be a good deal."
Nationwide recently claimed that house prices in the UK feel for the sixth month in a row in April.
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