Investors drawn to Leeds buy-to-lets
LETTING agency Quarters of Leeds says demand for rental properties still far exceeds supply.
“As a result we are getting a lot of interest from landlords seeking to buy properties in the city,” said Quarters’s Jayne Carpenter.
“Buy-to-let continues to be very popular for those people with the cash to invest – often generating returns far in excess of traditional investments with the benefit of having a tangible asset.”
Kris Carpenter adds: “Leeds is a very popular market and we have a lot of interest from investors in the south east where property prices are often too high.
“Typically, a client will have around £30,000 to invest and will be using their property portfolio as a pension fund.”