23 Sep

Buy-to-let properties 'continue to be in high demand'

Buy-to-let properties 'continue to be in high demand'

There are still a large number of people opting to rent buy-to-let properties from landlords, a report has revealed.

Research from the Association of Resident Letting Agents (ARLA) found that its members experienced an average void period of 3.2 weeks in the second quarter of 2010.

This indicates a drop in the number of weeks a buy-to-property has been left empty, as the average void period was 3.6 weeks in the previous quarter.

Operations manager of ARLA Ian Potter said: "The rental market is incredibly strong at the moment for those working within the industry."

Findings also showed that there was higher demand for rental properties in the south-east compared with other areas as it experienced the lowest void period of 22.9 weeks, while it was 3.4 weeks for the rest of the country.

These results could encourage landlords to purchase more letting properties after the director at Landlords Mortgages Lee Grandin also recently said that there has been a rise in the number of buy-to-let mortgage products available over the last three months.ADNFCR-1222-ID-800079369-ADNFCR

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