Buy-to-let 'to stay strong in 2009' says Arla
The Association of Residential Lettings Agents (Arla) has predicted
that the next year will see buy-to-let investment levels
Commenting on the expected impact of a continued fall in house
prices, Arla's operations manager Ian Potter said: "With house
prices continuing to fall, we're expecting to see a good deal of
investor landlords enticed back into buying up properties."
This will happen because people will realise that property is
"still the most solid long-term investment," he added.
Arla has suggested that the early part of the year will be a little
less steady, reflecting the recent geographical variation in the
rental returns available for landlords.
Earlier this month an Arla spokesman advised investors that they
should study the circumstances of each local area, as national
trends and averages are no longer relevant amid a large amount of
variation in how favourable each area is for rental property.