Buy-to-let sector to stay strong next year
Published: 04-Dec-2007
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The buy-to-let sector is set to remain strong going next year, in spite of fears of a slowdown in the wider property market.
Investment specialists Property for Life believe that prices in the wider market will be static for the first half of 2008, as buyers hold back until they are more convinced about the state of UK property.
But buy-to-let will stay buoyant, said Property for Life's managing director, David Austin.
He said: "Activity levels among serious investors will continue to be high throughout 2008, particularly as better investment opportunities re-emerge and buyers focus on the solid longer term returns of bricks and mortar.
"Demand for properties will be as strong as ever, buoyed by the growing demand from students, immigrants and those who prefer to rent as a lifestyle choice. With the private rented sector also increasingly taking up the slack on social housing, the future of the sector looks bright."
He pointed to towns along the M4 corridor and growing university towns such as Southampton as holding most potential.
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