According to the survey carried out by UK’s leading estate research
company, it has been noticed that UK’s landlords are extremely positive
about the buy-to-let market in UK. According to the survey held by CHL
Mortgages, 71% of the respondents indicated that they were positive
about the growth and stability of the buy-to-let market, whereas 5% of
them indicted their negativity in terms of sector’s growth and
stability.
However, dwelling deep into the reasons for this positive growth trajectory of buy-to-let market, many reasons could be attributed to this trend. One of the key factor of this positivity is intense confidence in tenant demand. The market trend shows a rise in tenant demands for private lets. The economic hardship in Eurozone continues making the cost of living higher, making wage earners wanting to spend their income in renting a house rather than buying a property. It is this increased demand which has led to increased rental rates.
This is decreasing the number of first- time- buyers. The reason behind it lies in the fact that more and more people in UK are turning to buy-to-let mortgages. According to the Landlord Expert, the Council of Mortgage lenders has seen a growth by 32% in buy-to-let mortgages given to the landlords in the first quarter of 2012 itself, making a total of 32, 300 mortgages.
It is this very fact seen perpetuating the growing demand and thus promising stability of the buy-to-let market in UK’s housing market. The more the trend to continue, the more is good for this sector and less profitable and attractive for first-time properties on sale.
All in all, this sector is seen growing at robust rate, thanks to the growing rental demand and squeezing standard of living in UK.
However, dwelling deep into the reasons for this positive growth trajectory of buy-to-let market, many reasons could be attributed to this trend. One of the key factor of this positivity is intense confidence in tenant demand. The market trend shows a rise in tenant demands for private lets. The economic hardship in Eurozone continues making the cost of living higher, making wage earners wanting to spend their income in renting a house rather than buying a property. It is this increased demand which has led to increased rental rates.
This is decreasing the number of first- time- buyers. The reason behind it lies in the fact that more and more people in UK are turning to buy-to-let mortgages. According to the Landlord Expert, the Council of Mortgage lenders has seen a growth by 32% in buy-to-let mortgages given to the landlords in the first quarter of 2012 itself, making a total of 32, 300 mortgages.
It is this very fact seen perpetuating the growing demand and thus promising stability of the buy-to-let market in UK’s housing market. The more the trend to continue, the more is good for this sector and less profitable and attractive for first-time properties on sale.
All in all, this sector is seen growing at robust rate, thanks to the growing rental demand and squeezing standard of living in UK.
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London Guaranteed Rents | property lettings | estate agents house | housing solutions by County Housing
County Housing provides residential investors, particularly buy-to-let investors with a guaranteed rent, thereby guaranteeing a steady return on their investment and leaving them free to focus on when to buy and sell.http://countyhousing.co.uk