March 11, 2008
Buy To Let "Booming" reports ARLA
Despite the doom and gloom merchants out there thinking that the UK housing market is in a tale spin - the more serious and experienced amongst us know that the current market conditions are only a temporary blip and indeed offer some of the best opportunities available in recent times.
According to ARLA ( Association of Residential Letting Agents) the BTL (Buy-To-Let) market is booming.
UK rents have typically risen by 2-4% in the last 3 months!!
Ian Potter, Head of ARLA Operations comments "We are seeing the beginning of the inevitable - whenever property prices soften rental demand, rents and rental yields always increase."
He goes on to further comment "…it is inevitable that our member letting agents should report that they have more tenants than properties available for them"
ARLA also highlighted that the increase in immigrants is helping boost the UK buy-to-let housing market .
If there were ever a great time to start buying investment properties its now - why?
1. Rents are rising
2. UK Population is rising
3. Interest Rates are falling
What do you think will shortly happen??
It doesn't take a rocket scientist!! Property Investment still works!!
