Professional landlords are beginning to expand their property portfolios again as they make the most of house price falls, research has shown.
Telegraph.co.uk – 30 Mar 2009
The number of letting agents who said buy-to-let investors were buying properties more than doubled during the first quarter of the year, rising from 3.5pc to 8.2pc, according to the Association of Residential Letting Agents (Arla).
At the same time, those who said landlords were selling properties fell from 7pc to 4.7pc.
Arla said the figures suggested that sentiment in the buy-to-let market was improving as landlords looked to cash in on lower house prices.
But letting agents continued to report an oversupply of rental properties in the market, with 77pc saying supply outstripped demand, as home owners continued to try to rent properties that they had been unable to sell.
