Investment interest on the increase
The number of people in the Midlands showing an interest in property investment has risen sharply in recent months, according to a new study from Property for Life.
The investment consultancy has revealed that registered interest levels rose by some 25 per cent between June and November, with those in the south-west also paying more attention to the sector.
In total, six regions across the country saw increases over the period, with Property for Life suggesting that such optimism was well-founded.
“Investors have every reason to be confident in the long-term returns of buy-to-let. The high demand for rented property continues on its upward path and shows no signs of slowing as immigrant numbers increase and the younger generation put off buying until slightly later in life,” commented Property for Life managing director David Austin, according to LandlordExpert.co.uk
“The private rented sector is an essential part of the property market, also taking up the slack on social housing,” Mr Austin added.
Investors are set to benefit further next April when the new flat rate of capital gains tax outlined by the chancellor in his pre-Budget report comes into force.
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