The only way is Essex for landlords according to statistics from one Essex estate agents that reports that it has seen an by 85 per cent increase in demand for investment property in the area in the past four years.
Estate agent Beresfords reports : "An increase of 85 per cent in the number of people looking for buy-to-let properties since the early credit crunch days of 2008 shows that investors are seeing this as a very viable form of long-term investment."
The main locations reporting to be popular with property investors are Chelmsford, Colchester, Brentwood and Braintree.
Beresfords says the so-called "Generation Rent", young people priced out of buying their own homes has increased dramatically over the past five years, fuelling the demand for rental properties."
Many young professionals find themselves stuck in rental property far longer than the previous generation.
I wonder if part of the difficulty is so much of their disposable income is used funding their fake tan habit. Sorry only joking, lets see one of those glimmering white bleached smiles.
Thursday, July 26, 2012
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