23
Sep
Buy-to-let properties 'continue to be in high demand'
There are still a large number of people opting to rent buy-to-let
properties from landlords, a report has revealed.
Research from the Association of Resident Letting
Agents (ARLA) found that its members experienced an average
void period of 3.2 weeks in the second quarter of 2010.
This indicates a drop in the number of weeks a buy-to-property has
been left empty, as the average void period was 3.6 weeks in the
previous quarter.
Operations manager of ARLA Ian Potter said: "The rental market is
incredibly strong at the moment for those working within the
industry."
Findings also showed that there was higher demand for rental
properties in the south-east compared with other areas as it
experienced the lowest void period of 22.9 weeks, while it was 3.4
weeks for the rest of the country.
These results could encourage landlords to purchase more letting
properties after the director at Landlords Mortgages Lee Grandin
also recently said that there has been a rise in the number of
buy-to-let mortgage products available over the last three
months.