Leading property investment company reveals why investors should remain confident about putting their money into property.
Grim predictions for the UK economy in 2012 have left many people wondering where to turn to get the best possible return on their money.
But according to Greater Manchester-based property and investment specialists Assetz plc, high demand for rental property across the country’s major cities shows that there are still exciting opportunities to secure strong returns from property investment for buy-to-let.
Assetz CEO Stuart Law says that leading banks’ continuing tightening of their mortgage lending criteria for first-time buyers, and an unwillingness by homeowners to sell in a fragile market, point to a solid outlook for buy-to-let investors who can get the right financing package in place to take advantage of the right houses for sale UK.
“The shortage of apartments in cities such as Manchester and Liverpool is resulting in significant competition between tenants, and driving up rental values,” Law said.
“Banks refuse to fund much-needed development which is worsening the undersupply situation, and with no measurable levels of new-build properties completing in the foreseeable future, tenants are going to find themselves increasingly squeezed out of core areas.”
That view is echoed by Matthew Smith from Manchester estate agent Thornley Groves, who said: “There is an overwhelming demand for rental properties in Manchester city centre, which has driven rents up by as much as 20 per cent over the last year.”
He added that, last autumn, as many as 20 tenants had been chasing every available property in the city. “This has resulted in competition becoming extremely fierce,” he said, “with tenants often reserving properties without viewing to avoid missing out.”
Student investment properties always make solid investments in major cities, Stuart Law added, and because so few other properties are currently being built, those which become available are expected to remain in high demand for many years to come.
Find out how easy it can be for you to put in place a solid foundation for your own future by investing in in-demand UK properties by contacting Assetz today, at www.assetz.co.uk, or by calling 0845 400 9000.
Via EPR Network
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