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

Membership Login

Register| Forgot Password?

BEST LANDLORD OFFERS

Recent Member Comments

  • User AvatarDave Osbourne { Had a blocked gully which tenant ignored after recent rain had the lounge and hall partly flooded the floor is going to be replaced but... } – Oct 16, 4:47 PM
  • User AvatarFiona Bullock { Dear Sir, I have received a text and email from my tenants saying they wish to end their tenancy of 3 years with effect from... } – Jul 05, 12:55 PM
  • User Avatarchristine clare timmins { Hi Rahima - Did you manage to resolve your problem? I am new to this site and saw your dilemma - we are about to... } – Jun 28, 9:12 PM
  • User AvatarShani Zvi { Hey, I need an advise regarding the TDS registration. The agency I'm working with claims that they need to register the tenant Zero Deposit scheme... } – Jun 04, 11:43 AM
  • Amanda Harrison { Advise needed }
  • Older »

News Archive