Insurance News Archive
March was yet again another strong month for the buy-to-let property sector, according to latest research.
A survey by the National Association of estate Agents (NAEA) reveals that sales were up for buy-to-let property in March for the third successive month.
Figures show that since the beginning of the year, sales have increased by 40 per cent, with estate agents reporting an average of 14 transactions in March compared to ten in January.
In addition, research shows that sellers are finding that they can sell their properties much quicker than before and high demand is forcing buyers to commit at an early stage.
The NAEA also announced that the buy-to-let sector is continuing to boom, with demand for rented accommodation going through the roof.
It is thought that an increasing number of people in the UK are looking for property as a means of planning for retirement or to replace a pension.
"The market is back on track, following a slight cooling-off and dip in 2005, the picture for 2006 is very positive indeed," commented Christopher Hall, president of the NAEA.
© Adfero Ltd
20 Apr 2006