Press Room
Buy To Let Investors Must Assess Strength Of Local Market
A national average is no longer the most accurate way to gauge the strength of the rental market, as regional variations become more pronounced.
According to Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, buy-to-let investors must take a local view of the market to best assess the strength of their returns.
"I think the days of taking a national average are gone," he claimed.
Mr Harrison also said suggestions that the rental market is 'softening' may not be as negative as they first may seem.
The Association of Residential Letting Agents recently reported fewer landlords were seeing more tenants than properties available; 55 per cent in the fourth quarter, down from 74 per cent during quarter three.
This could simply be due to people staying in their properties for a longer period of time, Mr Harrison suggested.
"You could well have the levels of activity actually softening, but a big driver of that will be the fact that tenancies are going on for much longer," he explained.
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Article date: 1/24/2012 12:00:00 AM