What Are The Buy-To-Let Prospects For 2011?

According to the latest figures from the Young Group, based on a survey of the group’s 500 property investors and landlords, sentiment in the private rented sector remains buoyant and there is a positive outlook for 2011.

In particular, the London market is expected to outperform the UK market in the coming year, with 89 per cent of respondents believing that London residential property prices will be at least at their current levels, or higher, at the end of 2011. On average, respondents expected an increase of 4.5 per cent.

“The market consensus is that prices have been stabilising in recent months and, in some locations, falling back. It is likely that 2011 will present a similar picture, as access to finance remains an issue and the demand from purchasers remains subdues, but it is clear from the latest index results that sentiment among residential property investors is becoming increasingly positive, at least for those with assets in London.

Almost a third of the respondents to the survey are considering purchasing additional investment property in London in the next 12 months, compared with 11 per cent thinking of buying elsewhere in the UK.

In addition, more people than in the past now view property as a long term investment, with the average length of anticipated holding now at 14.5 years, an increase of more than two years from the figure earlier in 2010.

The group stresses that lack of mortgage finance, together with limited new building, means that rental values throughout the UK are likely to rise in 2011.

Original comment can be found at The Buy To Let Advisory

This site is written and contributed to by property professionals from inside the UK House Building Industry.
That's right, we're developers - hated by all for our unwavering pursuit of profit and demonic need to concrete over the UK's greenbelt.
You may well wonder why we (as opposed to estate agents) are best equipped to advise you on the subject of selling property?
Surely our expertise lies in knowing how to buy land, put together development proposals, navigate the planning process and build identikit housing estates?
This is all true but it misses the one key point that our core goal (like yours) is to sell property for the highest possible price!
Just like you we also have to deal with flaky buyers, shoddy estate agents, slow solicitors and inept mortgage brokers.
The difference is, we do it on a daily basis and as such have become masters of managing the process.

Ashton House, Cornwall Avenue, London, N3 1LF

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