18 February 2015
LINLEY & Simpson has welcomed widespread media coverage on the growing resurgence of the buy-to-let market.
The benefits of residential property investment have been showcased in a series of research articles which have revealed:
- Property investments with an emphasis on rental accommodation outperformed other assets in 2014
- Buy-to-let property appreciated by 17% over the past 12 months
- Britain's private rented sector shows no sign of slowing its expansion
Analysts have cited two reasons for the buoyant state of the buy-to-let market - the wider growth of the UK's housing market over the period wedded to the fact that investors are starting to realise the country's private rented sector shows no sign of slowing down.
In common with the national trend, Linley & Simpson is finding that the main reason many savvy Yorkshire investors want to secure buy-to-let property investments is because demand for rental properties is soaring. In many areas, it is outstripping supply.
This shortage is prompted by two factors - many would-be first-time buyers are still unable to meet mortgage requirements, and also the millennial generation is more likely to choose rental accommodation over purchasing than any other past generation.