Insurance News Archive
Buy-to-let hotspots unveiled
UK landlords have been alerted to early reports on the UK's buy-to-let market, which are due to be published by UCB Home Loans at the end of this month.
The results shed light on some of the best options for buy-to-let investment in the UK and point to continued growth in the sector.
One notable observation was that Swansea is expected to be the next big focus for buy-to-let activity, partly due to the regeneration of the docks.
Reasonable house prices and good connections into London also mean that Colchester and Chelmsford may also boast a strong buy-to-let market.
Landlords in Belfast are also expected to benefit, due to the increase in overseas workers, which is continuing to stimulate the hotspots of Dungannon, Cookstown and Craigavon.
"Investment activity in buy-to-let property has been particularly strong over recent months, reflecting the trend seen in the second half of last year, when lenders advanced a record 130,400 loans 39 per cent higher than in the first half of the year," said Keith Astill, managing director at UCB Home Loans.
Demand for buy-to-let property is strong in Bristol, which has been assisted by a large student population and many young professionals who are renting before they choose to buy.
10 May 2006