Lee Watts, managing director, said: “The South East appears to be the front runner with the highest yields and price rises Many areas are reporting high activity in the market with Crystal Palace, Surrey Quays, Southgate, Belsize Park, Kingston and Wimbledon all seeing approximately 30% of the market dedicated to this type of sale.”
When it comes to the reasoning behind the purchases, Kinleigh says there appears to be a pattern developing.
Watts added: “The majority of all buy-to-let purchases last year were made by those looking to safeguard their pension. Many are in their 40s, 50s or 60s and see property as offering a better return than bank accounts, bonds or other investment vehicles.”
