BTL valuations climb in July – Connells
Buy-to-let was the only sector of the market to grow in July with buy-to-let valuations seeing annual growth of 31%.
The research by Connells found that buy-to-let valuations comprised 14% of its business, up from 12% in June.
John Bagshaw, corporate services director of Connells Survey & Valuation said growth of the sector has come as a side-effect of the subdued house purchase market.
“With far fewer first-time buyers than before the initial credit crunch, demand for rented accommodation is still growing, presenting investors with excellent conditions to achieve healthy yields. It’s no surprise that money is still pouring into buy-to-let and demand for finance is still climbing.”
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