Insurance News Archive

Buy to let insurance holders 'will see stable rents'

Posted by Michael Brown

Rents should remain firm in the coming months and may grow steadily in more prosperous areas, according to an expert.

Tom Entwistle, director at LandlordZONE.co.uk, said that buy to let insurance policyholders in London and the south-east are the most likely to see rents rise.

He said that many new and reluctant landlords had withdrawn from the market either because they always intended to sell or realised letting is not the "trouble-free road to riches they imagined".

Demand from tenants is steady, however, so buy to let insurance policyholders who have more of a long-term view will be well placed, Mr Entwistle said.

"As always, landlords need to do their research and pitch their rents at the right level if they are to avoid vacant periods," he added.

FindaProperty.com recently reported that the average asking rent increased by 0.7 per cent in March, up from £814 in February to £820.

31 Mar 2010