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Saturday, September 17, 2011

Barratts buy-to-let surge

It looks like Barratts, the UK's biggest house builder is benefiting from the resurgence in demand from landlords adding to their buy-to-let portfolio. Remember Barratts? They were the builder who used to such dramatic effect a helicopter in their 70s & 80s TV ads. Wow we have move on haven't we.

Sales to investors which had been on the decline since 2007 dramatically reversed in the first 6 months of the year rising 25% on the same period last year.

Apparently, sales have been particularly strong in and around London where rents continue to surge.

It may not be a buy-to-let boom but Barratts results would suggest the investment market is at least buoyant.

To read the full story have a look at the FT.

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