The Buy to Let market looks set to hot up over the coming months, with tenant demand growing dramatically whilst the number of available properties decreases. And this looks like being the situation over the medium term as well. According to a report from Capital Economics, an organisation that predicted house prices would fall four or five years before they did, it is likely that, by 2015, 17% of households will live in privately rented accomodation, up from today’s level of 14%.
The current economic climate has changed the way that many people think about renting property and it is rapidly becoming a serious alternative to buying. With the requirement for larger deposits and low loan to value restrictions, many would be home owners are realising the benefits and flexiblity that renting brings.
And with pension funds dwindling, property could provide a better long term performance than other investment forms, particularly when considering the current level of house prices. Professional investors are seeing rental yields far ahead of interest on savings and, for many, it is an ideal time to grow their portfolios
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