Property investors have been advised that the outlook for the buy-to-let sector remains favourable.

Holly Finer of Redrow Homes said property developers are offering a number of "great deals"at the moment.

This, combined with recent reductions in interest rates, means that prospects for the rental market look positive, she stated.

Ms Finer added that the housing market is likely to recover from its recent slump at some point in the future.

She predicted that investors who purchase a residence sooner rather than later would benefit from capital appreciation further down the line.

"The property is likely to be worth considerably more in ten to 15 years time,"Ms Finer commented.

According to figures from UK letting agent Your Move, rental demand increased 63 per cent in December compared to the same month in 2007.

This was attributed to the fact that some people are unable to get a mortgage in the current financial climate and are opting to live in rented accommodation instead.

Related posts:

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  2. Market slowdown drives rental market
  3. Struggling first-time buyers ‘supporting buy-to-let sector’
  4. Current landlords ‘to remain in buy-to-let market’
  5. Welsh buy-to-let sector faces oversupply problems

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