UK landlords 'being rewarded'
Buy-to-let property investors who remained in the UK market with a long-term goal are now benefiting.
That is the finding of research by FindaProperty.com, which revealed that rents rose for a sixth consecutive month in October.
The number of properties available for rent also declined by 10%, as many accidental landlords were shown to have left the market.
Director at the portal Michael O'Flynn noted that serious property investors have had to weather the storm of falling rents and rising unemployment among tenants over the last 18 months, but they are now "breathing a sigh of relief".
"Despite the fact that the economy remains uncertain and unemployment is still rising, the oversupply of rental properties is correcting itself," he added.
Spokesman for Briffy.com David Amstell recently suggested that buy-to-let landlords prepared to make a long-term commitment are poised to take advantage, as many amateur landlords are being forced to sell.
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