Rents 'to remain strong during 2008'
Date: 30 october 2007

The buy-to-let sector has performed more strongly than expected over the course of 2007 and will remain healthy throughout next year, according to new predictions from Knight Frank.

The firm has noted that its predictions of six per cent growth in house prices this year has largely been borne out by the facts, and estimates that rental growth will be shown to have amounted to seven per cent over 2007 as a whole.

This growth is set to remain relatively constant in 2008, Knight Frank added, with UK rents rising by six per cent over the course of the year.

"Buy to let activity has remained high, confounding many of the more pessimistic economic commentators, and in many markets investment activity has risen to record levels," said Knight Frank head of residential research Liam Bailey.

"Despite ongoing affordability constraints the market has been far more healthy than expected," Mr Bailey added.

The market is also set to benefit from the two interest rate cuts that are set to take place in the first six months of 2008, according to Global Insight.

Source knight frank
Date: 30 October 2007

Rents 'to remain strong during 2008' Date: 30 october 2007

Rents 'to remain strong during 2008'
Date: 30 october 2007