Letting agents kept up to date with quarterly newsletter
Letting Agents - 13/12/2006 16:34:05
Letting agents are to be kept up to date on all the relevant sector news with a new quarterly publication from the National Association of Estate Agents (NAEA).
Letting News reports that the NAEA will produce a lettings report every three months in order to inform buy-to-let investors of any trends and changes in the market.
The buy-to-let market is booming in the UK at the moment as soaring property prices keep many young people from purchasing their first home, forcing them to rent instead.
While this may not be good news for those dreaming of owning their own property, it is great news for letting agents, many of whom are increasing the size of their property portfolios.
According to the Council of Mortgage Lenders the buy-to-let sector has grown incredibly quickly since 1999, with just 73,200 mortgages outstanding at the end of the year compared to 701,900 last year.
And with new regulations coming into force next year providing better protection for both tenants and letting agents, the market is expected to continue growing.
With this in mind the NAEA's quarterly reports will undoubtedly help letting agents identify the best opportunities and keep them updated on how the new regulation are impacting on the market.