Buy to let activity 'on the rise'

26 August 2010

Written by Simon Whittaker

Buy to let investors are beginning to show signs of more activity, according to an independent property industry expert.

Malcolm Harrison, who specialises in rental, letting and purchase advice, said there are a "whole variety of reasons" why the sector is experiencing a busier period at the moment.

"The most important reason is the private rented sector is growing more than the forecast would've suggested two or three years ago," he explained.

Mr Harrison noted that people are looking at the long-term view, which indicates tenancy numbers will continue going up.

Investors will be looking up to a decade into the future when deciding on whether they want to put money into buy to let properties and there are strong indications the market is only going to expand, he added.

Recent statistics from the National Landlords Association revealed the average amount owed by those renting a house or apartment dropped from £978 to £799 between the first and second quarters of 2010.

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