24
Jun
Buy-to-let market looking up, survey shows
It has been revealed that things are looking positive in the
buy-to-let sector of the housing market.
A survey from the Association of Residential Letting Agents shows
that in the second quarter of 2009, nearly twice as many of its
members reported an increase in the number of landlords purchasing
properties.
Ian Potter, operations manager at the organisation, believes this
is because market confidence has been restored.
As a result, more and more people are seeing buy-to-let as being a
profitable long-term investment.
Mr Potter added: "The government has started to look at the Private
Rented Sector a bit more closely, recognising just how important it
is to the property market as a whole."
He claimed this is an encouraging sign showing the recovery of the
industry.
In related news, Smartlandlord.co.uk's Buy-to-Let Index revealed
recently that the average UK rental price in May was £696,
while the proportion of student tenants increase from 1.1 per cent
to 5.8 per cent.
