Tuesday, September 5, 2006
Rosie Millard extols the virtues of BTL
The effect on the nation of the buy-to-let craze has been astonishing. Property has become regarded as a natural alternative to the classic pension. “There is now a lack of trust in the financial sector,” says Justin Urquhart Stewart, an investment specialist, “and people have looked round for something more certain. They want something they can touch, and think they understand. Property fits the bill." Analysts have predicted the private rental sector will expand from its current level to answer for 15% of all housing stock over the next 10 years. Will the small-time buy-to-let landlord be part of this growth? It’s hard to see why not. Apart from anything else, it’s the only investment that you can go and walk around in. The physical feelgood factor is probably the most important quality in buy-to-let investing.