10
Mar
'Buy-to-let in good health'
The buy-to-let sector in the UK is in robust health, according to
new figures released by Your Move.
In comparison to 12 months ago, the firm claimed that the amount of
leases starting in this sector in January and February increased by
21 per cent.
David Newnes, managing director of Your Move, remarked that a
number of factors, such as the impact of the credit crunch and
"volatile" rates, have meant that the sector has seen renewed
interest.
"Frustrated wannabe first-time buyers still need a roof over their
heads - and buy-to-let is filling the gap. The strong fundamentals
are impossible to argue with," he commented.
The main industry to benefit from the "liquidity squeeze" is this
rental sector, he added, as first-time buyers have been scared by
the after-effects of lower access to credit.
Last week, the Residential Landlords Association said that
landlords with more knowledge of the market will see better
performances.