Despite an otherwise rocky economic road, investment in buy to let property is trending upwards in a vote of supreme confidence in the UK housing market.
Recent figures from the Council of Mortgage Lenders state that the value of loans for the purposes of purchasing properties to let has grown consistently since 2007.
In 2012 so far, some £11.8 billion has been lent for such purposes and this compares very favourably to the £9.9 billion that was borrowed in the same period the year prior. It’s a 19% boost.
The number of ‘buy to let’ loans in existence stands at 77,000 more now than 12 months ago (1,444,000).
Would be main stream buyers would do well to take a leaf from those that make it their business to invest in property. Because in spite of uncertainty over domestic house prices, unemployment worries, double dip recessions and Europe teetering on the brink of financial collapse, the canny amongst us are busy ploughing more and more faith into bricks and mortar.
Logic dictates that if there were to be a house price crash, it certainly would have happened by now. And with significant numbers of people sitting on the sidelines either unwilling or unable to purchase a home, demand for rentals is set to become ever firmer and is reflected in rental values that are at an all time high across the country.
Jump on in… the water’s lovely.