18 Nov

2009 still has buy-to-let opportunities, says Rics

2009 still has buy-to-let opportunities, says Rics

The Royal Institution of Chartered Surveyors (Rics) has said that next year will still provide a large number of opportunities for those buying for investment to do well in the rental market.

In its latest figures on the buy-to-let market, Rics noted that rental demand has continued to rise, with 27 per cent more surveyors reporting an increase in such demand than a decrease.

The other side of the coin was that the average rental level was lower due to an increase in supply as frustrated sellers sought to rent their properties out.

Commenting on the situation, Rics spokesman James Scott-Lee said: "With national average house prices set to weaken in 2009, yields may increase for those investors who can provide the right product for the right market place."

In his own observations on the figures, operations manager of the Association of Residential Lettings Agents Ian Potter noted that there is substantial geographical variation in the strength of rental supply.

Such a situation could provide opportunities for those investing in the right locations.

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