Why buy-to-let is a booming business Rental demand in many parts of the UK has never been higher. Graham Norwood speaks to top experts to get tips on starting a buy-to-let empire. Research published this week showed the effect high property prices are having on landlords returns, especially in the South West Photo: keith morris / Alamy PICTURES Top 10 buy-to-let hot spots PICTURES The worlds top 20 cities to buy-to-let ARTICLE Value of buy-to-let mortgages continued to grow in the third quarter ARTICLE Ten tips for buy-to-let ARTICLE A home back home is a worthy investment 10:05AM GMT 07 Jan 20132 Comments New Year is about new challenges: gym memberships, diets and vows to stop smoking. The property market is full of challenges, too; prices around the country are set to remain flat or worse, with tentative improvements in the economy yet to filter down to homeowners. This is why thousands of people have resolved to dive into the only housing sector that is truly booming: buy-to-let (BTL). The rental industry’s figures show why BTL is set to be 2013’s favourite career change. Average UK rents have risen by 13.6 per cent since 2009, according to Rightmove, while capital values in most places have stagnated or fallen. The property website predicts another two per cent rise across the country this year. And the proportion of UK households renting has increased in the past decade from 31 per cent to 36 per cent, according to the latest Census figures. This means that in parts of big cities (see box below), there is huge demand for rental properties. In Westminster, for example, four out of every 10 homes are privately rented, not owned. Little wonder that Britons from all walks of life have recognised this sector as a sound investment even in troubled times. ow.ly/Fl3mJ
Posted on: Thu, 04 Dec 2014 09:20:03 +0000
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