Buy-to-let investors benefitting from current market conditions
Tuesday, November 4, 2014
Both the residential sales and lettings property market in the Middlesex region remain buoyant making it a particularly attractive proposition for buy-to-let investors.
Over the past 18 months to 2 years, the lettings market has sustained an upward curve in levels of demand, even against the strength of the residential sales market and property prices.
Chris Cotton, manager of lettings for The Frost Partnership in Middlesex says the market is therefore still attracting buy-to-let investors to the area.
“There is a natural pool of tenants searching for properties to let in the area due to the volume of new employment opportunities. Large corporate businesses such as Heathrow Airport, BP’s Head office in Sunbury and both Centrica British Gas head office and BUPA’s head office in Staines are great sources of employment. As a result we have a healthy database of tenants waiting to move in. In addition to this, transport links are fantastic, with a train service into London Waterloo and the M25, M3 and M4 on our doorstep. A fine example of how we offer a smooth buy-to-let transition can be seen with this large one bedroom converted apartment, seen below. It was originally let via Frosts in Staines before the landlord put it on the market for sale through our sales team. The new buyer was a buy-to-let investor, who instructed us once again to manage the letting at the point of exchange. On completion of the sale, we had a new tenant moving in the next day.”
If you are thinking of letting your property or would like to investigate further into buy-to-let opportunities in the area, please speak to your local Frost Partnership office or see our Buy to Let Investment Guide http://www.frostweb.co.uk/buy-to-let-investment-guide.html.