Private landlords studying market trends before adding to their property portfolio may be interested to hear that the average gap between asking and selling prices dropped in September - albeit only slightly.
According to the National Association of Estate Agents' (NAEA) housing market report for September, the gap narrowed from 11 per cent in August to 10.9 per cent last month.
Those looking to buy property to rent out in September may also have found that they were competing with more house hunters than in the previous month, as the NAEA study shows that the average number of people registered per branch grew to 294.
Meanwhile, the average number of property sales agreed per branch increased to 8.5.
Although many industry commentators have observed that buy-to-let finance has become increasingly more difficult to secure, the NAEA chief executive Peter Bolton King said this week that the overall housing market is showing signs of recovery.
Written by John Weeks
