Insurance News Archive
Immigration boosts buy-to-let
Rising immigration levels have boosted the buy-to-let market, according to latest research.
A survey by the Mortgage Trust reveals that the market has been strengthened as new arrivals are looking for property to rent at first rather than buy outright.
"Migration to the UK is increasing steadily and is likely to become an important element in the rental demand mix," comments Nicola Severn, marketing manager for Mortgage Trust.
She went on to say that the majority of non-British tenants tend to be migrant workers rather than students and therefore represent a long-term stable customer base for buy-to-let landlords.
Figures show that one in three migrants plan to stay for between one and three years, with 15 per cent claiming that they wish to stay indefinitely or permanently.
Investors will be pleased to discover that the property market over the last few years has led to a rise in the uptake of buy-to-let mortgages.
© Adfero Ltd
26 Apr 2006