98% of agents predict a buoyant lettings market

Landlord Expert
By Landlord Expert February 8, 2010 15:47

A majority (98%) of letting agents expect the lettings market to stay the same, grow or grow substantially in the next 12 months, according to the tenant referencing agency, HomeLet.

Despite the continued lack of financing for buy-to-let mortgages, letting agents are far more optimistic about the future of the buy-to-let market than they were almost a year ago. At that time, only 12% expressed optimism over the lettings market.

John Boyle, managing director of HomeLet, said: "Demand for rental properties will remain strong over the next few years as first-time buyers continue to find it difficult to obtain mortgage finance. Confidence in the buy-to-let market is also likely to be buoyed by figures released by LSL Property Services which showed gains of 7.6% in the private rental sector over the last 12 months, and a gradual increase in buy-to-let lending as the year progresses."

 

Landlord Expert
By Landlord Expert February 8, 2010 15:47

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