Number of landlords on up as buy-to-let market grows

HUCKNALL’S branch of estate agency YOUR MOVE says there continues to be growth in the buy to let market.

The demand for properties to rent has increased the number of prospective landlords which in turn is boosting market activity — according to a report by Your Move’s parent company, LSL Property Services.

Half of landlords surveyed believe now is a good time to invest in property to let, with 82% citing attractive property prices and strong tenant demand as the main reasons.

“Demand for rental property continues to be very strong locally with many would-be home owners still struggling to raise the finances to buy a home themselves and who consequently turn to rental property instead,” said Allison Palmer, branch manager of Your Move in Hucknall.

“It’s this that is contributing to not only increased demand but, in turn, increased rents as tenants compete for the limited number of rental properties on offer.”

This presents an attractive opportunity to enter the buy to let market as a new landlord or to increase any existing property portfolio you may have.

Allison added: “Rents are increasing and four in five landlords surveyed believe they will continue to do so in the coming year, it’s understandable why many view this as a long-term option especially when considering the potential returns.”

If you are looking to enter the buy to let market for the first time or want to expand your property portfolio and would like further information or want to arrange for a free lettings valuation, simply access the Lettings section on the Your Move website on www.your-move.co.uk, call in at the Your Move office at 9 High Street Hucknall or call them on 0115 9634311.