Insurance providers are increasingly buying into the property market

December 29, 2011

CIA Let Property Blog

Buy – to – let insurance providers are increasingly looking into investing in the residential property market. Also banks and fund managers are following suit.

An increase in interest from the three sectors are due to demand and rental yield increase, making them want to join the market.

In the last financial year the above three have spent £2.2 billion on residential property, up from £765 million in 2009/10 making it up to the highest level post – credit crunch* (according to city law firm Wedlake bell).

“Institutions are being attracted to residential property because of improving market fundamentals, including high tenant demand, high rents and a supply shortage.”*

Average rents have been pushed up to £720 a month due to a supply shortage.

 

*Quotes from stride.co.uk

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