Rental returns on the up
buy-to-let investors are enjoying rising rental returns on their properties, according to new statistics.
Paragon's latest buy-to-let Index found that average rents stood at £11,886 in February, up from £11,604 the previous month.
Analysts say that figure reflects the growing demand for rental property as uncertainty grows about the state of the owner-occupier market.
Nationwide has reported falling house prices for the fourth month in a row and one recent study suggested the majority of first-time buyers are now looking overseas in order to avoid the UK market.
John Heron, Paragon's director of mortgages, added that as well as driving prospective homeowners into the rental market, the current volatility has left the majority of landlords relatively unscathed.
"Large scale landlords dominate buy-to-let, and they have a very different view of the market from the short-term speculator," he said.
"Serious landlords take a long-term perspective based on the underlying dynamics of supply and demand … Experienced landlords continue to regard property investment as a sound business"
Published 3rd April, 2008
© 2008 Estates IT Limited
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Buy-to-let investors are enjoying rising rental returns on their properties, according to new statistics.