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The buy to let market in the UK is booming. Lending interest rates are low, housing prices are down, and there are enough possible tenants available to keep the property occupied for years. The market will remain in its present condition until at least the middle of 2012, when most experts believe the base rate will finally get a hike.
The time is right for landlords to add to their portfolio. Not in recent history has a market been as full of opportunities as the buy to let market is right now. This is especially true if you look at the rental property market in the Capital City. London is a hotbed and the smiles of landlords owning property there can be seen for miles around.
A recent survey about the emerging market by Young Group showed almost 92% of the current London landlords believe prices of residential type property will stay the course over the next twelve months, or even go higher. Only a little over 50% of landlords outside the city share this belief.
An almost equally off balance percentage is evident in the belief of rental cost. Almost 85% of landlords think rents will rise over the next year, compared with 51% outside London.
With lending criteria still air tight and more first timers seeking rental properties as their first dwelling, the buy to let is almost a guaranteed investment for those who are fortunate to be able to afford another property. If anyone needs a 100% sure thing though, look no further than London.
By Brad Josselyn, from http://www.remortgage.com/news/uk-buy-to-let-market-experiencing-glory-days.php