‘London’ attractive real estate place for landlords

Posted 2007-12-18

Alliance & Leicester Mortgages predicts that London to be a popular place for real estate investment in the year 2008.

The real estate market is currently more favourable to Landlord or those buying property for renting purposes than those who buy it for occupation or residential purposes. Nowhere is this benefit most seen than in the Capital city, where the rental yields is our time more than is seen to be coming from properties located in the south-east of England and this evidence comes from a the survey conducted on landlords in both areas.

According to Alliance & Leicester Mortgages, Scotland and the North of England will experience rapid expansion in the coming year. The survey conducted on landlords reveals that Scotland is expected to show a five per cent increase in rental yields while the North of England, four per cent in the year 2008.

On these overall optimistic trends, Jeremy Claridge, head of specialist mortgages at Alliance and Leicester, states that such trends are reflected in the optimism that buy-to-let landlords have for the coming year 2008. This comes at a time when the current financial year has been a bit tough on people.

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