According to Barratt East Midlands, increasing numbers of first time property investors are keen to find an investment opportunity that will see a good return on their money as interest rates continue to remain low.
And given the recent prediction by ARLA, the Association for Residential Letting Agents, that demand for rental property is set to exceed supply well in to 2011, for many, investing in property appears to be the ideal solution.
Mark Wright, Managing Director at Barratt East Midlands, comments:
"Over the last few months we have seen a steady increase in the number of enquiries from first time property investors keen to find out more about buy to let properties at our developments.
"The feedback we are getting is that our customers, most of whom have a considerable amount of savings in the bank, are fed up of the low return they are seeing on their savings due to continued low interest rates and are looking for alternative investment opportunities which can offer a better return.
"Property remains a sound investment and landlords can expect to receive up to a seven per cent yield on buy to let properties.
"In addition, mortgage lending is still restrictive and many people are finding it hard to buy which means that demand for rental properties is still high, so investors are seeing this as a way of guaranteeing a decent return on their cash."
Barratt is currently building a fantastic range of potential buy to let properties at all its developments throughout the East Midlands and in addition to a quality new build home, there are many other benefits to buying a property with a nationwide housebuilder like Barratt.
New build properties are more attractive to tenants, they are easy to maintain and best of all Barratt's home come with a five year fixtures and fittings guarantee which provides investors with even greater peace of mind.
Moreover, as a five star housebuilder, customers who choose to invest in a Barratt home can expect nothing less than a first class service.
61 year old David Wright has invested in his first property at a Barratt development in Ilkeston.
He comments:
"The interest I would get on my money in a savings account doesn't compare to the seven per cent yield I'm getting as a landlord and so the decision to invest in a property was a no brainer from the word go.
"Barratt was recommended to me by a friend who has already purchased at a number of the company's developments throughout the East Midlands and I was pleasantly impressed when I looked around the Barratt development at Hallam Fields.
"The quality of the build is very high and the properties themselves are immaculate.
"As a first time property investor, I was attracted to a new build as I wouldn't need to do any work to the home meaning tenants could move in straight away.
"In addition, they come with a 10 year NHBC guarantee plus if you buy with Barratt, you get an additional five year fixtures and fittings guarantee too which provides investors with even greater peace of mind."
