In­vestors drawn to Leeds buy-to-lets

Yorkshire Post - Property - - PROPERTY -

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.”

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