UK landlords see huge rise in rents

Posted: 04 Jan 2008 10:47:00 GMT

            Property News - UK landlords see huge rise in rents

The UK buy-to-let market is "just about the strongest in the world".

The UK buy-to-let market is "just about the strongest in the world".

That is according to the latest Assetz House Price Index, which brings together the five largest UK indices.

According to the firm, rents in the UK have increased by ten per cent in the last year, with London landlords benefiting from a 19.3 per cent rise.

"While there has been much suggestion of a problematic era for the property market, there are many more positive signs for the year ahead, with latest buy-to-let figures outweighing any negative outlook, as well as reflecting a hugely successful year for the property investor in 2007," said Assetz chief executive Stuart Law.

"On balance, the UK buy-to-let market is just about the strongest in the world and investors can look back on a successful 2007 with surveys showing excellent returns across the board.

"While London obviously continues to lead the way, with rents up by almost 20 per cent on average for the year, this positivity is not restricted to the Capital, with excellent figures in areas such as the north-west keeping overall annual figures high," he added.

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