Buy-to-Let Property to Provide Strongest 2007 Returns
12th February 2007
It has been reported in Investment Week that a third of private investors believe buy to let residential property will provide the strongest investment returns in 2007 according to research from investment group New Star.
Over 30% of the investors surveyed were unsure of what will be the best performing assess class in 2007, while 32% still believe that buy-to-let residential property will offer the best investment returns.
The research, conducted in association with NNG surveyed 773 investors across the UK. The investors were asked which asset class they thought would be the best performer in 2007:
- Residential property
- Commercial property
- UK Equities
- Global Equities
- Bonds
- Cash
Given the strong start we have seen for property sales in 2007 in Leeds, Wakefield, and Bradford Manning Stainton believes that there is good cause for optimism. Despite a high starting threshold for first time buyers in Leeds making it difficult for them to obtain their first mortgage, the market in January has matched the very busy equivalent month in 2006 largely fuelled by relocating buyers being attracted by the booming career opportunities available in Leeds and Wakefield. These numbers are matched by the number of people seeking to rent property.
We await with interest, the impact of Home Information Packs (HIPs) on the 1st June 2007 as it is difficult to foresee what their impact will be in relation to property for sale in Leeds, Wakefield and Bradford.
The challenge for estate agents in coping with HIPs is not made any the easier with the Government not yet having published its final rules and regulations!
