'Increased demand' for buy-to-let landlords

There is increased demand for houses from buy-to-let landlords, a new survey has revealed.

According to a report from the Royal Institution of Chartered Surveyors there was a two per cent increase in the number of surveyors that reported an increase rather than a fall in buy-to-let demand in the three months to September.

Furthermore, there was also a rise in demand for houses from buy-to-let landlords, with five per cent more surveyors reporting growth in this area.

Such news may be welcomed by people looking for property to rent in Hammersmith or another part of London as it could mean that there will be more choice available on the market.

Commenting on the findings, Lee Grandin, director of Landlord Mortgages, said: "Flats generally are very good let-able units because they are at the lower end of the market, which is what letting is all about."

Meanwhile, the Association of Residential Letting Agents recently revealed that the average number of properties held per landlord has risen from 6.3 to 7.0 in less than a year.

Written by Charles Mackay

Published 27th October, 2009

© 2009 Estates IT Limited