The buy-to-let market is starting to become more robust and is improving further as the economy moves out of recession, according to a recent report.
Select Property has just released their UK Buy-to-Let Report, which indicates variances in the sector during the past few months.
Findings from the report show that buy-to-let mortgages rose from 44,000 in 1999 to 122,000 in 2011. In addition, the figures indicate that £3.1m was lent to buy-to-let investors in 1999, in comparison to £14m in 2011. These figures were collated by the Council of Mortgage Lenders (CML).
Giles Bestwick, Director of Select Property, said: “This report will explain more about how the property market has come to favour buy-to-let investors since the economic crisis and why this sector of the industry is now looking relatively robust as a result of strong rental demand and occupancy rates.”
Why has the Buy-to-Let Market Improved?
Section Property’s analysis also covered features such as the increase of foreign investment in the UK market, improvements in buy-to-let practices and predictions about the future of the market.