24 Jun

Buy-to-let market looking up, survey shows

Buy-to-let market looking up, survey shows

It has been revealed that things are looking positive in the buy-to-let sector of the housing market.

A survey from the Association of Residential Letting Agents shows that in the second quarter of 2009, nearly twice as many of its members reported an increase in the number of landlords purchasing properties.

Ian Potter, operations manager at the organisation, believes this is because market confidence has been restored.

As a result, more and more people are seeing buy-to-let as being a profitable long-term investment.

Mr Potter added: "The government has started to look at the Private Rented Sector a bit more closely, recognising just how important it is to the property market as a whole."

He claimed this is an encouraging sign showing the recovery of the industry.

In related news, Smartlandlord.co.uk's Buy-to-Let Index revealed recently that the average UK rental price in May was £696, while the proportion of student tenants increase from 1.1 per cent to 5.8 per cent.

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