Properties are in short supply, says Rugby agent

Carly Scott
Carly Scott

Properties are in short supply and both rents and property prices expected to rise further in 2015, albeit at a more moderate rate.

Buy-to-let is expected to continue to consolidate itself as the investment of choice for many people over the next 12 months, partly due to the dismal returns savers are currently receiving from banks and building societies.

With tenant demand continuing to outstrip housing supply, a number of landlords are planning to add to their UK property portfolios according to new research from Platinum Property Partners, the specialist buy-to-let business. This comes despite the fact that more than half – 52 per cent - of buy-to-let investors believe interest rates will rise next year.

The research – which surveyed over 500 UK buy to let investors – revealed that while the majority expect an increase, overall 42 per cent believe interest rates will rise by less than two per cent.

Carly Scott, branch manager at Newmans in Rugby, said: “Our investor landlords are concerned of an interest rate increase in 2015 yet the majority of our clients don’t anticipate that these rises will be dramatic or unaffordable. As a result it is our opinion that this sector will continue to grow next year, with two in five planning to add to their BTL portfolio despite a likely interest rate rise.”

Call Carly Scott on (01788) 820028 carly.scott@newman.uk.com