25-07-2007
Buy-to-let market still strong
Britain's buy-to-let mortgage market is still strong in the south-west of England, it has been claimed.
According to Barrett Homes, in spite of the recent speculation over a slowdown, the buy-to-let market remains buoyant and investors are attracted to newly built properties because of the overall quality of provision.
The construction firm is currently developing a total of 12 housing sites in different locations across the south-west.
"Landlords are confident that new build homes such as Barratt properties are an excellent investment in terms of quality, ease of rental and longer term capital gain," said Caroline Hill, sales director at Barratt Homes.
"Our developments attract investors because of their desirable locations, high-specification fixtures and fittings and well designed layouts," she added.
There has been some speculation over the value of purchasing new build apartments, due to them decreasing in value and demand compared with older properties. However, houses are seen as a good rental investment as long as the location is right and yields are strong.
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