9 Feb

Buy-to-let properties on the increase

Buy-to-let properties on the increase

The rental market had a strong year in the private sector throughout 2011, and this means that there are now more properties to rent on the market than ever before. This is good news for people looking for property to rent in London and other regions.

The Council of Mortgage Lenders (CML) has said that in the whole of 2011, there was an increase in the number of buy-to-let properties in the UK of 84,000.

It has been said by the CML that this "moderately helped" to ease the lack of supply seen in the market which drove up rental prices. According to LSL Property Services, rental prices rose for nine consecutive months in 2011.

CML director general Paul Smee said: "Buy-to-let lending continues to perform well. Demand for rented property remains high, so the rationale for buy-to-let remains strong, and there is little reason to foresee any change to this positive outlook for the sector."ADNFCR-1222-ID-801289073-ADNFCR

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