Buy to Let Arrears up – But ‘Experts’ Disagree on Why
ARLA suggests the market may be softening due to a drop in demand for rental property, whilst LSL Property Service suggest the demand is still there and will not go anywhere soon due to the un-easing of the ability for first time buyers to secure mortgages. Both however did agree that there was an increase in the number of tenant struggling to pay their rent.
Buy to let experts are transmitting mixed messages about the state of the market in two new surveys.
The latest buy to let musings from the Association of Residential Letting Agents highlights the problem of sentiment surveys in the property market.
In a confused rambling, ARLA suggest the market ‘may be softening’ based on month-to-month market movements.
Meanwhile, the UK’s largest letting agent business, LSL Property Services, the firm behind Your Move and Reeds Rains, predicts continuing rent rises and high tenant demand.
Read the full story www.property118.com