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BTL stabilising despite growth rate slowdown

The buy-to-let market is stable despite a small fall in demand, according to Mortgage Express.

Its latest BTL confidence report shows that in the third quarter of 2004 45 per cent of respondents believe that demand for rental property remains constant, while 36 per cent said demand is increasing.

Sixty per cent of respondents said rent levels had remained constant for the past six months and 67 per cent believe they will stay constant for the next six months.

Seventy-seven per cent of respondents had not experienced any void periods in their properties over the past six months and 45 per cent had no void periods in the past twelve months.

Product development manager Roger Hillier says: “Although the rate of growth has slowed slightly, key indicators such as rent levels, arrears and void periods remain positive. With 77 per cent of respondents saying that they had no void periods in the past six months, and 88 per cent saying they believe voids will remain at their current level or decrease, there is further evidence that we can be confident about the outlook for buy to let.”

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