Buy-to-let a 'safe market'
The buy-to-let market will remain resilient in the face of any property slowdown, a leading expert has claimed.
Malcolm Harrison, a spokesperson for the Association of Residential Lettings Agents (ARLA), said it was "very much a safe market" for investors.
Citing the "strong demand" for the private rented sector he noted that renting was once more socially acceptable and an increasingly common trend.
Mr Harrison added that the property market softening would potentially aid demand, with the rented sector typically seeing more demand in such circumstances.
With the fundamentals for housing remaining strong thanks to the lack of supply, the ARLA believes the buy-to-let market will continue to flourish.
Renting has become a particularly popular option London, where the high house prices – with an average above £300,000 – have made it difficult for many to get on the property ladder.
Published 5th December, 2007
© 2007 Estates IT Limited
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The buy-to-let market will remain resilient in the face of any property slowdown, a leading expert has claimed.