The demand that fuelled the property boom up until five years ago didn’t go away – instead many of those people who wanted to buy their homes back then are now renting instead.
(PRWEB UK) 24 September 2012
The Rightmove Report should be encouraging for those investors who may be worried about investing in buy-to-let property while the UK struggles to get its economy back on track
Loxley McKenzie, Managing Director of Colordarcy.com comments, “This latest report reveals that home-owners in London and the south, cash-rich buyers and buy-to-let investors have seen the benefits of investing in property even during a period of economic turmoil."
So according to Colordarcy, while there a large number of home owners have suffered as well as ‘trapped renters’ . The last 5 years have on the whole been good for UK buy-to-let investors due to high rental demand.
The one good thing about the past 5 years has been the growth of the rental market according to the property investment company.
McKenzie added, “The demand that fuelled the property boom up until five years ago didn’t go away – instead many of those people who wanted to buy their homes back then are now renting instead.
Those who lost out were those people who were gambling on short term property price growth rather than taking a long term view and looking for areas to invest where rental demand would be high and property prices low.
Some have ignored the simple rules of property investment and it ended up costing them dearly.
However according to Colordarcy, those UK landlords who have bought and held UK property for this past 5 years have never had it so good. Yes property prices have barely moved in a positive direction outside London and the South East, but they have been able to increase the rents their tenants pay.
This has increased their yields and therefore their profits.
Also the interest on buy-to-let finance has come down considerably as the banks have kept interest rates low. Meanwhile those with cash to invest in property have no doubt profited from making cheeky offers to cash strapped owners and developers.
According to Colordarcy, the Credit Crunch then has not turned out so bad in the end for those who are benefiting from a reliable income stream driven by high tenant demand.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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