Thursday, May 1, 2008
Paragons latest “survey”
Buy-to-let (BTL) remains a lucrative investment option, with average rents increasing by 12 per over the last six months to reach record levels. Average rents have risen to more than £1,000 a month (£12,041 annually) over the last six months, according to Paragon Mortgages' latest Buy-to-Let Index. The index also revealed that rents increased 4 per cent in the first quarter to 2008, indicating that the market is not suffering greatly from turbulence in the wider property market.