Buy-to-let is still a great investment
The buy-to-let market is booming so now is the perfect time to invest in a buy-to-let property according to haart residential lettings.
Renting a home is more popular than ever and this in turn has led to increasing confidence in the buy-to-let market says managing director Andrew Berry. And unlike other property owners, a recent survey by the Association of Residential Letting Agents (ARLA) revealed that landlords have not been shaken by the credit crunch.
Andrew said: “The residential rental market is experiencing a boom as more and more people start to appreciate the flexibility and benefits of renting. The days when renting was seen as second best are long gone and purchasing a buy-to-let property can be a great investment especially now as property prices are becoming more competitive.”
Haart which is part of Spicerhaart, the country’s largest independent estate agency group, frequently advises potential landlords on what to look for when buying an investment property. Andrew said: “There is definitely a shortage of high quality rental properties in good areas but the potential investor must take local advice first. We can let them know what properties make good investments, how to make them more attractive to tenants and most importantly give them a realistic idea of the market rent they would expect to receive.”
He added: “The private rented sector is definitely experiencing huge growth at the moment and to sustain this it needs continual investment from private individuals who can expect to reap very healthy long-term benefits.”
Haart is a member of the Association of Residential Lettings Agents (ARLA), the only professional self-regulating body solely concerned with the private rented sector.
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