Immigration 'good for buy-to-let'

Posted: 13 Apr 2007 11:37:35 GMT


            Property News - Immigration 'good for buy-to-let'

An influx of migrant workers into the UK is proving beneficial to the rental sector, providing strong tenant demand for landlords and subsequently fuelling healthy yields and returns.

An influx of migrant workers into the UK is proving beneficial to the rental sector, providing strong tenant demand for landlords and subsequently fuelling healthy yields and returns.

Recent figures from Assetz highlight the UK as having the second most profitable buy-to-let sector in the world, second only to Poland. It is thought that this is largely due to the supply of willing tenants from abroad, prepared to pay rent and prop the rental sector.

Overall the UK has an average return in cash investment of 63 per cent, indicative of a healthy climate and lucrative buy-to-let opportunities. Assetz managing director Stuart Law maintains that immigration has been a positive factor in UK buy-to-let.

"The growing demand for homes… will continue to drive demand for the buy-to-let market over the next few years," he said.

Mr Law continues to speculate that demand fro rental properties is set to rise as house price inflation leaves prospective buyers unable to buy in desirable locations.


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