The latest from ARLA figures shows that there is a steady increase in the number of the landlords entering the rental market, which is set to increase. In fact, first time investors are at their highest level in over a year reaching 44%.
Miles Shipside, director and housing market analyst at Rightmove comments;
‘Buy-to-let investors, attracted by evidence of sustained demand and strong yields, will provide much needed supply relief to ‘Generation Rent’. A marketplace where landlords are achieving satisfactory returns will relieve some of the supply pressure in 2013.”
With the rise in demand showing no signs of slowing down, coupled with attractive yields, it is no wonder more and more are turning to buy to let properties to supplement their income or top up their pensions.
Shipside adds
‘While the cavalry charge from major institutions seeking to invest in the private sector has so far failed to materialise , private landlords, whether accidental, virgin or professional, are perhaps enjoying the respite and seizing the opportunities that come with having the battlefield to themselves’’
If you are thinking of entering this ‘battlefield’ yourself, or find that you become an accidental landlord wanting to avoid the pitfalls, or just a chat about the best kind of investment property to buy, please do feel free to contact us on jemma@sarahkenny.co.ukor 01179 467 171