'Still life' in buy-to-let as rental demand remains high |
14 2007 |
| The UK's rental market remains extremely popular, particularly among young professionals priced out of buying their own home, an industry expert has claimed. According to the National Landlords Association (NLA), the private rented sector has opened up in recent years, allowing many more would-be homeowners to rent a property within their price range. Indeed, buy-to-let investors are helping to increase opportunities in the private rented sector, providing a suitable solution to people not yet ready to make that first step onto the property ladder. Mr Terrington said: "The growth of the buy-to-let market has given these people more options - before it was either live at home or buy a property, even if it meant you were financially stretched, and we saw the consequences of that in the early 90s with mass possessions." The private rented sector now offers "good quality alternatives to house purchase," he added.  |
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