Buy-to-let trend noted by Young Group

24/06/2009

Buy-to-let investors are showing an interest in returning to the property market, according to new research from Young Group.

The firm's survey of investor market sentiment for the second quarter of 2009 revealed that more and more investors are looking to buy extra properties in the next year.

This trend is driven by an expectation among buyers that house prices are set to stabilise and rise over the same time period.

Neil Young, Young Group chief executive, explained that the figures marked the second quarter in a row in which investor sentiment improved.

"The trend continues to move in an upward direction and demonstrates a positivity and willingness of private investors to increase their holdings of residential property," he added.

"It remains to be seen if this burgeoning demand will translate into purchases or whether the languishing mortgage market kills the prospect of a relatively smooth return to house price stability and growth."

London maintained its place as the most popular location for investors, with more than half looking into the possibility of buying property in the capital.

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