27 Oct

Expert: UK buy-to-let market is beginning to recover

Expert: UK buy-to-let market is beginning to recover

One industry expert has claimed that the buy-to-let market is recovering in the UK, which may be good news for those looking at apartments to rent in Brighton.

Director of Landlord Mortgages Lee Grandin says that the market is improving and new investors have "a lot of cash" to spend on properties.

However, he notes that landlords operating in the industry are not making many purchases at the moment, as a great deal of people do not have enough money for deposits.

Furthermore, low transaction levels are marring any purchasing activity, Mr Grandin continues.

He adds that the only way to see a property revival "to the degree of high transaction levels is by increasing loans to buyers, which isn't going to happen for a good amount of time, maybe years".

These comments come after the Association of Residential Letting Agents recently revealed that in less than a year, the average number of properties held per landlord increased from 6.3 to seven in the UK.ADNFCR-1222-ID-19428574-ADNFCR

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