20 Feb

Buy-to-let investors 'being lured back by low rates'

Buy-to-let investors 'being lured back by low rates'

Low interest rates are bringing buy-to-let investors back to the market, it has been stated.

Head of operations at the Association of Residential Lettings Agents Ian Potter told the Times recent base rate cuts and a perceived superiority of property as an investment compared to stocks and shares was leading to a resurgence in interest.

He commented: "With interest rates at one per cent, our members are seeing investors tempted back into the buy-to-let market as rental yields offer a greater return than the banks."

Such a sentiment may echo recent findings in research by the Royal Institution of Chartered Surveyors (Rics).

Investigating the recent trend of rising buyer interest, Rics found that 38 per cent of surveyors have detected an increase in investment buyers in the market.

It also established that 35 per cent believed lower mortgage rates were a reason for the extra interest, while 71 per cent pointed to reduced prices.
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