Buy-to-let buying activity set to increase
Buy-to-let investment from landlords across the UK is set to increase over the next 12 months, according to new research.
Rightmove’s Consumer Rental Forecast noted that 74 per cent of property leasers surveyed planned on expanding their portfolio over 2013, which in turn will provide stimulus to available housing stock.
Landlords have been increasingly put into focus of late with the National Landlords Association (NLA) urging members to recognise the Green Deal, which has been enforced by the government to improve energy efficiency in properties across the country.
The results from Rightmove’s forecast have provided a boost to the rental sector as tenants increasingly look to the market.
Tony Newman, of the Local Government Association (LGA) spoke of the findings and added: “With the housing market stagnant and a shortage of mortgages available to help first-time buyers, people are increasingly turning to the private rented sector to find a home.”
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