20 Nov

Buy-to-let market 'on the up'

Buy-to-let market 'on the up'

Positive publicity is helping to raise awareness around growth in the buy-to-let sector, according to a property investment specialist.

Dan Sawyer, an investment consultant at Assetz, commented that the increase in interest in the sector is beginning to push prices higher.

He said: "Now the news has been a lot more positive, we are getting inundated with enquiries and sales which are starting to drive the discounts down and the prices up."

However, Mr Sawyer added that all the negative press coverage in previous months has resulted in reduced prices, allowing investors with available funds to pick up some bargains.

The Royal Institution of Chartered Surveyors' global commercial property survey for the third quarter of 2009 revealed that, while it is still in negative territory, the UK's buy-to-let sector has experienced an improvement in rental expectations.

Rental prices are also expected to remain stable in the final three months of the year, which is a marked contrast to the second quarter, when 50 per cent of respondents were anticipating declines.

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