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Home buyers could capitalise on buy-to-let demand
Those looking to make the most of people's appetite for rented accommodation could be pleased by news that demand in the market appears to be buoyant.
According to Mark Garner, director and founder of LettingZone, the shortage of supply has meant that price levels have remained robust in the last few months.
"Most existing tenants are staying put to save money and wait for house prices to reduce further," he observed.
Mr Garner went on to add that "good properties are letting very quickly".
Due to the drop in supply, the expert indicated that landlords can expect to achieve an extra three to five per cent on their rental income compared with this time last year.
In addition, the FindaProperty rental Index for the second quarter of 2010 showed that the asking prices requested by landlords have gone up by 2.3 per cent since the first quarter of the year.
Posted by Emily Jones
23/08/2010 16:58
News category: Property