letting agents maidenhead appletons on 27 Oct 2009 03:58 pm
ARLA claims landlords increasing their portfolios
According the Association of Residential Letting Agents (ARLA), residnetial andlords have increased their portfolio of properties over the past year in order to take advantage of the low property prices as a result of the economic downturn.
ARLA published the results of a survey they have recently carried out. The survey indicates that on average each landlord in the residential property market has increased their average number of properties from 6.3 to 7.0 in a period less than twelve months. In 2004, the average size of a portfolio was 4 per landlord.
Executive director of Appleton Estate Agents Marlow, Sarah Akkus commented: “I believe the main reason behind the surge is the higher rental yields of the buy-to-let market. The lower interest rates increased the interest for the seasoned investors as well as people who are after some good deals.”
