UK Buy to Let Market Attractive to Current Landlords and Tenants
According to many current landlords, the buy to let market will be primed for taking advantage of over the course of the next few months. As many are still facing uphill challenges in regard to entering the property market, the buy to let market is ready for buyers and renters during the year 2013 and possibly beyond. Tenant demand remains high and prices within the market are said to have remained relatively stable.
Independent research is proving there is a positive tone within the buy to let market. More than 30% of investors see themselves purchasing property during the next twelve months. Since prices have remained stable the possibility for this to become reality could hold true.
David Whittaker, managing director of Mortgages for Business, commented on the overall state of the buy to let market. He said: “Gross yields on buy to let property are particularly attractive at the moment thanks to the mess in which the first time buyer market finds itself.”
The buy to let market is no different than other markets in regard to investment purposes. The need to discover first what type of investment will be suitable for that person’s portfolio is of the utmost importance.
All property investments are different and offer different rates of return. Since the property ladder is still quite difficult to attain for many would be buyers, the buy to let market offers plenty of opportunities for success. While the everyday tenant is looking for a suitable place to call home, the landlord is looking for that next investment to call home run. This could be a prime time to enter that market.