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Rental Increases Good News for Buy-To-Let Investors
Increased demand for rented property, partly fuelled by some home movers deciding to wait 6-12 months before purchasing a new property, has seen rental prices rise across the UK.
In some areas, such as the South East, other factors such as new jobs created at Heathrow Terminal 5 and at the 2012 Olympic site, has meant demand for rental properties has pushed prices up.
There are over 7 million rental properties in the UK and most tenants have already seen prices rise over the past 12 months, some as much as 50%.
For investors looking for buy-to-let mortgages, finding the right property that appeals to tenants could still be a good investment even in the current market.
[ 23-05-2008 ]
