9
Feb
Buy-to-let properties on the increase
The rental market had a strong year in the private sector
throughout 2011, and this means that there are now more properties
to rent on the market than ever before. This is good news for
people looking for
property to rent in London and other regions.
The Council of Mortgage Lenders (CML) has said that in the whole of
2011, there was an increase in the number of buy-to-let properties
in the UK of 84,000.
It has been said by the CML that this "moderately helped" to ease
the lack of supply seen in the market which drove up rental prices.
According to LSL Property Services, rental prices rose for nine
consecutive months in 2011.
CML director general Paul Smee said: "Buy-to-let lending continues
to perform well. Demand for rented property remains high, so the
rationale for buy-to-let remains strong, and there is little reason
to foresee any change to this positive outlook for the
sector."