After months of weak demand, the market for buy-to-let investors is beginning to stabilise thanks to new tenants taking up the excess of privately rented properties.
Figures from the Association of Residential Letting Agents showed that one third of its members felt the supply and demand of such property was now in balance, up from 19 per cent last quarter.
When asked whether they were more residential properties on the market than there were tenants, fewer than half of the members said there were, down from 70 per cent three months ago.
The findings, released last week, also showed that the average void period of a rental home has dropped for the first time in more than a year, indicating that properties are being rented more quickly.
My Comment
A pick up in the market is just what landlords need to hear. Many of you will who are on trackers will be benfiting from lower mortgage rates, so the cash flow pressure should be off. If you are thinking about selling this coming Spring should provide a good opportunity as the selling market has seen a marked improvement recently.
Give me a call - 0845 170 20 20. mob 07855 799 807 or email.
http://www.usefulmortgages.co.uk/
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