Rics releases new buy-to-let research

Posted: 27 Oct 2009 10:11:43 GMT

The number of surveyors who reported a rise rather than a fall in demand for buy-to-let property in the three months to September increased by two per cent, according to the latest research from the Royal Institution of Chartered Surveyors (Rics).

Some five per cent more surveyors reported that demand for houses from buy-to-let landlords had grown during the period, although 15 per cent of surveyors reported a fall - as opposed to a rise - in demand for buy-to-let flats.

Lee Grandin, director of broker Landlord Mortgages, said that flats are not necessarily unpopular - "maybe it's more the case that lenders are restricting lending on new-build flats".

Flats are traditionally "very good let-able units" as they are situated at the lower end of the property market, he added.

A recent study by the Association of Residential Letting Agents found that buy-to-let investment has increased considerably since the start of the decade.

Indeed, the average number of properties per investor has apparently grown from four in 2004 to nearly double that amount now.


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