The depressive state of the economy for the few years has wiped out the ‘get rich quick’ investors, who plunged into buy-to-let expecting overnight returns. The experienced and the more cautious among us, who took a longer-term view, have survived the worst of the recession and are beginning to feel more optimistic about the future.
There are a number groups representing agents and landlords that have reported an increase in demand for rental accommodation with demand outstripping supply in certain parts of the country, rents have also said to be improved and this may be due to the effect of the Local Housing Allowance. Having spoken with a number of property investors as well as property and finance professionals at various events over the last month or so, many are indicating that they are still feeling discouraged by the lack of credit they are still of the opinion the buy-to-let mortgage market is expanding modestly again.
It seems that even though the press are getting all excited again regarding property prices a full recovery may be some way off however the long-term prospects for the market remain strong and investors with money in the bank are taking advantage of reduced property prices and low interest rates to expand their portfolios.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment