Buy To Let Market Starts To Shine Again
Even though it seems unlikely that any sector would benefit from the ongoing financial difficulties associated with the property market there are signs that Buy To Let is back on the agenda again. The Royal Institution of Chartered Surveyors has announced that 23% of surveyors have reported increased yields on properties in the first quarter of 2008.
As more and more people are forced to, or decide to, opt for short term renting arrangements until the housing market shows signs of recovery it seems that Buy To Let investors have been able to squeeze a little more rent out of their clients. There are also sings that many investors are putting ‘a toe back in the water’ and looking for property bargains as the market continues to fall.
While the Buy To Let market has been fairly buoyant for some time there were signs of investors cashing in property gains over the last 12 months. However, it seems that with property prices falling to affordable levels again there may well be a resurgence in the rental market. If investors are able to time their purchases correctly they can fall back on the rental income to cover their costs while hopefully their properties increase in value.
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