Throughout 2013, we've seen an abundance of stories about the vitality of the buy-to-let market. Looking at property media now, more and more stories appear about house prices growing, more properties coming on the market and selling faster.
Does that mean the good times are over for private lettings? Whilst some suggest so, we beg to differ. First of all, we strongly believe that a vibrant property market is generally more appealing to all buyers than a stagnant one.
Whilst mortgage finance, for both investors and owner occupiers, has become more widely available, substantial deposits are still required to access some of the better deals. The government's Help to Buy programme, designed to help first time buyers onto the property ladder, has had good success, but not to the detriment of the private rented sector.
In fact, the National Landlords Association, based in England, has recently published statistics that show just over one in five landlords is concerned about their rental property because of Help to Buy.
What is interesting is that, despite the number of homeowners growing once more, 'renters' seem to come from a wide variety of backgrounds, with those earning over £40k per year just as likely to rent as those on lower incomes, according to the Cover4LetProperty.
We strongly believe that high-quality properties will continue to attract reliable tenants for years to come.
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