29 Jun

Expert believes buy-to-let sector remains firm

Expert believes buy-to-let sector remains firm

The recently reported rise in rental prices does not mean a weakness in the buy-to-let sector, it has been claimed.

In fact, Assetz believes that the market is "very firm" and the changes have been brought about by the increase in demand that has been placed upon rental properties over the past few years.

The company states that although there have been some cautious and worrying moments, the bigger pictures shows a stable sector.

Stuart Law, chief executive at Assetz, says that people will gradually get back into purchasing homes.

However, he added: "We don't expect [that] people moving back to buying property will damage rents being achieved as they ease back to buying."

The FindaProperty.com Rental Index found that in June, the average asking rent was £823 per month. Although this is higher than May's figure, it is 5.3 per cent lower than the same time last year.

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