Published by Tony Goggin on 04 Dec 2008
Buy to Let House: Forecasted Increase in Rental Rates
|
Since rental demand is still stable, the property buy to let market continues to grow at a profitable rate. With the financial crunch and soaring mortgage interest rates, more individuals are looking for rental places rather than purchasing real estate. With a buy to let house, you can obtain long-term earnings through excellent rental fees and increases. According to the Council of Mortgage Lenders in Britain, one-bed flat rental prices increased by 13.27% after two years. One-bed flats performed best among two-bed apartments and four-bed detached flats in terms of growth, each obtaining only a 7.39% and 3.23% improvement, respectively.