More surveyors report increase in buy to let demand

28 October 2009

Written by Simon Whittaker

There has been a two per cent rise in the number of surveyors reporting an increase - as opposed to a fall - in demand for buy to let property.

According to the Royal Institution of Chartered Surveyors (Rics), this hike in interest for investment property occurred over the three months to September 2009.

Some five per cent more surveyors reported a rise in the demand for houses from buy to let landlords during the same period, although similar patterns were not recorded for flats.

Rics said there was a sharp drop in demand for flats, with 15 per cent of surveyors indicating there had been a fall - rather than a rise - for this type of residence.

Meanwhile, the Association of Residential Letting Agents recently found that the average number of properties held per landlord in the UK has grown from 6.3 to seven in less than 12 months.

The organisation said that this increase in 2009 goes against the trend for shrinking portfolios in the buy to let sector, which started at the beginning of last year.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.