Landlords have been buying more properties in the last quarter according to a survey.
MyFinances.co.uk – 20 June 2009
The Association of Residential Letting Agents (ARLA) quarterly survey revealed a “bounce back” in the buy-to-let market.
In the ARLA members’ survey of the Private Rented Sector (PRS) for the second quarter of this year, nearly twice as many ARLA members reported landlords are buying more properties.
The Bank of England’s decision to cut interest rates to a historic low for the last four months has also helped struggling landlords, according to ARLA. Half of those surveyed said they thought the cuts are tempting investor landlords back to the market because of the minimal interest to savings rates.
