9 Sep

Buy-to-let market 'looks positive for the future'

Buy-to-let market 'looks positive for the future'

Landlords with buy-to-let properties are likely to be relieved to hear that the future of the market looks good.

This is according to the National Association of Estate Agents (NAEA), which said that longer-term trends "remained broadly positive".

It added that year-on-year, the market "is in a strong position".

One positive outcome of the last year, the NAEA stated, was that the supply of housing has recovered, with estate agents having more buy-to-let properties on their books.

President of the NAEA Michael Jones said: "Supply of housing has been low in the first half of this year and it is welcome to see it return to a similar level to 12 months ago."

The Housing and Communities Agency's announcement earlier this week that it will invest £45.6 million into building 555 more homes for the buy-to-let private rental market in the UK by 2012 is likely to boost supply even further. ADNFCR-1222-ID-800059133-ADNFCR

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