Submitted on Tuesday 26th February 2008
Buy to Let still solid say BM
Tim Hague the managing director of BM Solutions remains upbeat about the Buy to Let sector citing returns to investors in the sector of 16.3% in 2007 along with growing rentals across the country. There are certainly reasons to support his view despite a slowing wider market. As first time buyers are priced out of the market they along with other key growth groups such as immigrants,students and a generally more emobile population there is certainly the potential for increased demand. Any increase in repossessions will also factor into this equation.
If prices do fall any rent increases may give investors the confidence to stay in the market and will encourage many to increase their portfolios by buying relative bargains. This in turm may contribute to prices being more resilient than they would otherwise be without the considerable buy to let community that still believe in the long term benefits of owning UK property.
