Buy-to-let
property investors and
landlords are expanding their portfolios, according to experts.
The latest
buy-to-let index from
mortgage provider Paragon Mortgages indicated an increase in the prices that landlords are willing to pay to
find a mortgage .
Figures show that the current buy-to-let
property market is buoyant, with prices at which landlords
buy houses rising by almost two per cent last month.
This is part of an overall increase of 4.7 per cent since October 2005, which is lead by
property inflation in the north,
London and the south-east.
John Heron, managing director of Paragon
Mortgages, commented: "There has been a resurgence of buy-to-let activity since last autumn.
"In all parts of the country, upbeat landlords are
buying properties at higher prices, secure in the knowledge that there is good tenant demand out there for the right property in the right place."
However the
Bank of England (BoE) recently released figures which suggested that the
housing market was slowing in the
UK, after
mortgage approvals fell to 106,000 from 114,000 the previous month.
Howard Archer,
economist at Global Insight, commented to Reuters: "The BoE data suggest that housing market activity may be starting to lose some momentum."
