Buy-to-let 'not impacting on property prices'
The success of buy-to-let investments has not significantly contributed to rampant house price inflation in the UK, one industry expert has claimed.
Malcolm Harrison of the Association of Residential Letting Agents (ARLA) acknowledged that landlords saw rising returns throughout 2007, but he insisted the buy-to-let sector was segregated from the wider housing market.
Responding to a recent report by the National Housing and Planning Advice Unit which argued that the buy-to-let market has added £14,000 to the average house price, Mr Harrison was unequivocal in his rejection.
"I think that's a load of rubbish because the buy-to-let investor tends to go into the middle market and buy-to-let, until very recently, has done no more than refinance big chunks of the private rental sector," he asserted.
The report had suggested that buy-to-let investors were snapping up properties that could otherwise have gone to first-time buyers - a claim which many analysts have now expressed scepticism over.
Property experts usually attribute the property boom to factors such as the UK housing stock shortage and the surge in foreign investors who are snapping up prime homes in the capital.
Published 25th February, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
The success of buy-to-let investments has not significantly contributed to rampant house price inflation in the UK, one industry expert has claimed.