Buy-to-let landlords benefit from growing sales sector

According to the Royal Institution of Chartered Surveyors (RICS), buy-to-let landlords are set to benefit from growing demand in the sales market.

Jeremy Leaf, a spokesman for the RICS, said that landlords had previously suffered from an inflated private rented sector.

Now Leaf believes that landlords will benefit as more and more people choose to sell rather than rent out their property: 'Property transactions are starting to rise from very low levels and the influx of supply in the rental market has slowed as vendors begin to find buyers.'

Chris Horne of website Property Hawk warned landlords that buy-to-let is a long-term investment and told them not expect instant gains.

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June 26^th 2009

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