16.05.2011 - U.K. buy-to-let's improbable comeback
The financial crisis was supposed to spell the end for buy-to-let mortgages, which turned thousands of Brits into amateur property tycoons. In fact, the 150 billion pounds ($243 billion) market is coming back; lending was 40% higher year-on-year in the first quarter. But would-be landlords shouldn't expect to get rich quick. Investors are being drawn back into the market partly by the prospect of rising rents. Last year, rents rose 7.6% on average across the country, according to Investment Property Databank, while Greater London rents soared 16%, reckons agent Savills..............................................Full Article: Source
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