10 Mar

'Buy-to-let in good health'

'Buy-to-let in good health'

The buy-to-let sector in the UK is in robust health, according to new figures released by Your Move.

In comparison to 12 months ago, the firm claimed that the amount of leases starting in this sector in January and February increased by 21 per cent.

David Newnes, managing director of Your Move, remarked that a number of factors, such as the impact of the credit crunch and "volatile" rates, have meant that the sector has seen renewed interest.

"Frustrated wannabe first-time buyers still need a roof over their heads - and buy-to-let is filling the gap. The strong fundamentals are impossible to argue with," he commented.

The main industry to benefit from the "liquidity squeeze" is this rental sector, he added, as first-time buyers have been scared by the after-effects of lower access to credit.

Last week, the Residential Landlords Association said that landlords with more knowledge of the market will see better performances.ADNFCR-1222-ID-18502384-ADNFCR

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