20
Nov
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.
