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Buy To Let Remains Profitable And Secure
Strong demand for rental homes means buy-to-let continues to be a sound and profitable property investment, LettingFocus.com has said.
The number of new tenancies has been at record levels for the last year, according to the latest figures from the Association of Residential Letting Agents (ARLA).
However, the private rented sector is running low on available space to meet this, with 74 per cent of ARLA members agreeing that demand is outstripping supply.
Additionally, the length of time tenants are remaining in the same property has risen to a record high of 19 months.
David Lawrenson, private rented sector expert at LettingFocus.com, said rental property is more attractive in the current economic environment as it offers flexibility when somebody's circumstances change suddenly.
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Article date: 10/25/2011 12:00:00 AM