Buy-to-Let Figures
Written by JDPGlobal | Thursday, 14 July 2005
Research carried out by the Association of Residential Letting Agents, and obtained by JDP News, shows that the buy-to-let market is still robust and that landlords remain strongly optimistic. This is all the more remarkable since there is evidence that the property market has been slowing down.
The average size of the landlords buy-to-let portfolios had risen from 4.7 to 5.4 properties since the previous report from the same body. This represents a steady increase since 2004, from an average of 3.9 properties in June 2004.
The Association said that a solid 97 percent of all respondents reported that most tenants were staiying for a total of over 18 months on average which is up compared to 2004.
The figures are positive considering that some areas of London have a situation where there is excess supply of rental accommodation. However, it is also noted that other areas of London are witnessing strong demand as well.
