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Buy to Let Investment Properties – Summer 2015 Update

Buy to Let Investment Properties – Summer 2015 Update

29th June 2015

Property website PropertySelect has reported that 33% of new lets in 2015 have been agreed with current tenants still living in the property. In the first half of this year, 33% of all new lets were agreed with existing tenants still residing in the property, this is equivalent to an increase of 27% on the same time last year. For buy-to-let landlords, this means that average rental rates can be boosted by as much as £35 per calendar month.

A strong demand for rental property along with a limited supply, is currently making the UK one of the best places for buy-to-let property investment. According to new research from Countrywide, it now takes an average of just 32 days for a property to be let in the UK.

Void periods are down and confidence is up. Void periods are particularly rare in more desirable locations, in extremely well maintained properties and in those close to London transport links and popular schools.

SP Residential, part of the Sibley Pares group, can help you to find and purchase a buy-to-let property then source a tenant and offer property management services too. Contact us on 01622 692206 to find out more.