27
Oct
Expert: UK buy-to-let market is beginning to recover
One industry expert has claimed that the buy-to-let market is
recovering in the UK, which may be good news for those looking at
apartments to rent in Brighton.
Director of Landlord Mortgages Lee Grandin says that the market is
improving and new investors have "a lot of cash" to spend on
properties.
However, he notes that landlords operating in the industry are not
making many purchases at the moment, as a great deal of people do
not have enough money for deposits.
Furthermore, low transaction levels are marring any purchasing
activity, Mr Grandin continues.
He adds that the only way to see a property revival "to the degree
of high transaction levels is by increasing loans to buyers, which
isn't going to happen for a good amount of time, maybe
years".
These comments come after the Association of Residential Letting Agents recently revealed that in less than a
year, the average number of properties held per landlord increased
from 6.3 to seven in the UK.