Buy-to-let investment is seeing a surge again in Peterborough with in demand for rented property continuing to grow.
According to Terry Lucking of Belvoir Lettings Agency Peterborough the buy-to-let market is recovering from the sharp downturn experienced in 2009, when it plummeted to its lowest level for eight years. The private rented sector is currently the only form of housing tenure that is growing. Borrowing restrictions for first time buyers and return buyers has led to renting proving to be an essential option for those who have or want to move.
Many people need flexibility and renting provides far greater flexibility than home ownership. The quality of rental property is much better now than it once was in the past thanks in the main to competition from the growing number of private landlords. Despite gossip most tenants are in full-time employment, many are in their thirties and some have started a family.
For more information about the private rented sector and buy to let investment please contact the author.
Article written by Terry Lucking of Belvoir Lettings Peterborough https://www.belvoir.co.uk/peterborough-estate-agents/ Tel 01733 321500
