Insurance News Archive

Buy-to-let market set for buoyant 2007

The buy-to-let market is set to remain buoyant in the coming year, new research has suggested.

Buy-to-let provider Paragon claims that property investors will be able to increase their portfolio by six per cent in the coming year.

Mortgage brokers are also confident about the market's prospects in the next 12 months, with the survey suggesting that 80 per cent believe that market will grow.

During 2006, average buy-to-let properties have increased by five per cent, Paragon claims.

Nigel Terrington, chief executive of Paragon, said that with a fifth of inward migrants unlikely to be homeowners even after five years of living in Britain, such a trend was a contributory factor to a strong buy-to-let market.

HM Treasury predicts that inward migration will continue to grow by up to 190,000 annually in the next three years.

22 Dec 2006