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NewsBuy-to-let market 'will remain strong'
Buy-to-let market 'will remain strong'
Posted by Emily Swanson
The UK's buy-to-let market is set to remain strong in the near future as the country continues its recovery in the wake of the economic downturn.
That is the opinion of Ian Potter, operations manager at the Association of Residential Letting Agents, who believes this area of the country's property sector is currently booming due to the problems facing many people who want to buy houses.
Mr Potter explained there is currently a shortage of social abodes, while a lot of individuals either do not have the required confidence or capital to purchase accommodation at present.
He noted that rental costs "probably are sustainable because it is a supply and demand situation and rents tend to find their own market level", meaning conditions are fairly well suited to landlords.
This comes after Ben Wilkie, editor at What Mortgage, stated that the cost of fixed-term home loans will not fall any further in the coming months. 
18/11/2011 16:04
News category: Property