26
Aug
Buy-to-let market 'taking advantage of growing rental sector'
There has been more activity in the buy-to-let market recently as
more people are trying to gain from the growing rental sector,
according to one opinion.
Property industry expert Malcolm Harrison has claimed that
suggestions the private rented market will continue to grow over
the next three years are likely to be the cause of a growth in the
buy-to-let industry.
He said: "In another five or ten years, everything points to the
number of tenants continuing to increase."
Mr Harrison added that "there very much is" still going to be a
receptive market of renters out there by 2015 and beyond.
Earlier this week, LSL Property Services revealed that 42 per cent
of landlords said now is a good time to buy a house.
More than one-third also claimed they are planning to purchase more
properties to rent in the UK within the next year.
Upad's Rental Confidence Index, released earlier this month, also
showed that 62 per cent of private landlords had better
expectations about the industry this month compared with the
previous one.