24 Mar

Buy-to-let investors 'keen to purchase family homes'

Buy-to-let investors 'keen to purchase family homes'

Buy-to-let property investors seeking houses to rent in Manchester and other places around the UK are seeking family-sized residences, it has been suggested.

According to PropertyEarth.Net, landlords are mainly on the hunt for three-bedroom homes.

Of the investors polled, 57 per cent revealed they were interested in such abodes, while 21 per cent stated they were looking for two-bedroom dwellings.

Four-bedroom properties were being sought by 15 per cent of respondents.

In contrast, only two per cent reported an interest in acquiring homes with one bedroom.

Managing director of PropertyEarth.Net Dominic Toller remarked: "We are seeing the beginning of a new buy-to-let age, where landlords build portfolios made up of larger houses, rather than simply one bedroom flats."

Recently, the Royal Institution of Chartered Surveyors suggested that landlords should be optimistic about achieving rent increases over the coming months, with a fall in the supply of rental property coming on to the market cited as one cause.

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