18
Nov
2009 still has buy-to-let opportunities, says Rics
The Royal Institution of Chartered Surveyors (Rics) has said that
next year will still provide a large number of opportunities for
those buying for investment to do well in the rental market.
In its latest figures on the buy-to-let market, Rics noted that
rental demand has continued to rise, with 27 per cent more
surveyors reporting an increase in such demand than a
decrease.
The other side of the coin was that the average rental level was
lower due to an increase in supply as frustrated sellers sought to
rent their properties out.
Commenting on the situation, Rics spokesman James Scott-Lee said:
"With national average house prices set to weaken in 2009, yields
may increase for those investors who can provide the right product
for the right market place."
In his own observations on the figures, operations manager of the
Association of Residential Lettings Agents Ian Potter noted that
there is substantial geographical variation in the strength of
rental supply.
Such a situation could provide opportunities for those investing in
the right locations.
