As featured in the Sunday Times Money section this week (21st April 2013), buy-to-let is becoming an increasingly popular option for investors. Buy-to-let specialist lender Paragon has reported that the number of first time landlords increased by 19% in 2012, and by 80% in 2011. This trend comes as investment opportunities that beat the inflation rate are fewer and farther between. For cash-rich investors, buy-to-let is becoming an increasingly attractive option.
Yield and capital growth are important aspects to consider when choosing a buy-to-let property. Average yields in Shrewsbury are around 5.5%, and are linked to property size and location. Data from Zoopla, the property website, show that house prices in Shrewsbury have risen by 4.15% from four years ago, making the town a sensible option for new investors. However, speaking to local property experts is vital to ensure that any investment is safe and profitable.
For specialist advice or an informal chat, contact Paul Wallace-Tarry today on 01743 242000.
