Buy To Let Booming?
Assetz carries the story:
The UK’s buy to let sector is continuing to see huge growth, according to new figures released today.
Research carried out by specialist lettings agents Paragon Mortgages has revealed that the UK’s landlords are pouring more money into property than ever before. Investment property prices rose by 2.9 per cent during May alone, the figures show, while rental yields have remained relatively stable.
It appears that rental income is not the prime motive for many people buying properties, as the research revealed that although rental yields have not increased significantly in recent months, the demand for property among buy to let landlords has increased substantially. This suggests that many investors are keen to put their money into property as an alternative to taking out a pension scheme.
though as the stock market is higher than it’s been in the last few years where would you put your money if you did sell the property?