10 Mar

2010 will be 'good year' for buy-to-let properties

2010 will be 'good year' for buy-to-let properties

This year will be a good one for buy-to-let property owners, it has been suggested.

According to Jon Brown, partner relationship manager at iammoving.com, those who have invested in such property - including houses to rent in Somerset - should be optimistic.

He remarked: "Our opinion is that 2010 will be the year of the landlord and the letting agent. This is reflected in our own current statistics."

Mr Brown added that letting agents using its utilitell.com change of tenancy tool are processing an average of 35 per cent more moves now than at the same time last year.

His comments were made in the wake of the release of figures from the Royal Institution of Chartered Surveyors, which showed that house prices in the UK have risen by ten per cent since a low seen in April last year.

The organisation also revealed that Britain was one of only a small number of countries in Europe that witnessed a rise in the value of residences in 2009.

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