29
Jun
Expert believes buy-to-let sector remains firm
The recently reported rise in rental prices does not mean a
weakness in the buy-to-let sector, it has been claimed.
In fact, Assetz believes that the market is "very firm" and the
changes have been brought about by the increase in demand that has
been placed upon rental properties over the past few years.
The company states that although there have been some cautious and
worrying moments, the bigger pictures shows a stable sector.
Stuart Law, chief executive at Assetz, says that people will
gradually get back into purchasing homes.
However, he added: "We don't expect [that] people moving back to
buying property will damage rents being achieved as they ease back
to buying."
The FindaProperty.com Rental Index found that in June, the average
asking rent was £823 per month. Although this is higher than
May's figure, it is 5.3 per cent lower than the same time last
year.
