First-time freeze ben­e­fits land­lords

Yorkshire Post - Property - - PROPERTY -

SHOOTS of re­cov­ery have started to sprout in the buy-to-let mar­ket de­spite the cold snap, ac­cord­ing to Dacre Son & Hart­ley.

Al­most 20 per cent of sales now in hand at the es­tate agent’s Ot­ley of­fice alone are to buy-to­let in­vestors. As rental de­mand con­tin­ues to soar, land­lords are tak­ing ad­van­tage of the fall in prop­erty prices to build up their port­fo­lios.

David Phillip, di­rec­tor of Dacre, Son & Hart­ley and head of the com­pany’s in­vest­ment depart­ment, says: “First-time buy­ers have been frozen out of the mar­ket as re­stric­tions on lend­ing have in­creased, so de­mand for rental prop­er­ties is phe­nom­e­nal. Land­lords are, of course, ben­e­fit­ing from this.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.