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Buy To Let Returns Still Very Attractive
The number of private rental households has increased by four per cent over the last year, providing confirmation that the buy-to-let market still provides a good investment opportunity.
Figures from the Department for Communities and Local Government (DCLG) reveal that some 2.5 million households are now renting privately in the UK , with 12 per cent of households living in rented properties.
Property values in the south-east have increased by 3.3 per cent over the past quarter, rising from an average £184,877 to £190,977.
According to Nigel Terrington, chief executive of the Paragon Group of Companies, rental yields have remained steady over the past six months, despite house price increases.
"We have seen steady activity on the part of residential property investors, who are growing their portfolios in response to additional demand from a variety of different types of tenants, including foreign migrants, young professionals, families and students," Mr Terrington revealed.
Property is currently regarded as a stable, long-term investment, he said, with many landlords treating their portfolio as an important part of their pension provision.
"With landlords benefiting from both rental income and the uplift in the capital value of their properties, total returns are very attractive," Mr Terrington confirmed.
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