The buy-to-let sector has had a very strong start to the year, outperforming other areas of the housing market in January. According to the latest research by Connells Survey and Valuation, the buy-to-let sector was the strongest performing sector, with 37% growth in activity from the previous month. On an annual basis, buy-to-let experienced the smallest dip in growth (4%).
It was a large and fast rebound for the buy-to-let sector after a disappointing December, which saw one of the sector’s biggest monthly falls.
The dominant, trend-bucking performance of buy-to-let at the start of 2015 has been attributed to a combination of a record number of mortgage products for investors to choose from, and the continuation of low mortgage rates.
A number of lenders have hit the headlines recently, competing to offer the lowest deals on the market. Experts suggest that lenders are particularly keen to secure strong volumes of lending before any possible uncertainties arise as the general election approaches.
The only other sector of the housing market to record a monthly increase in valuations was the first-time buyer sector, with activity going up by 3%. On an annual basis, however, it had dropped by 28%.