It is a licence to print money in some places, and due to the fluid nature of the property market in Preston, there is always going to be a strong demand. We are working with landlords who have portfolios of up to 120 properties and they have been making the most of the prices that have been available.
I would definitely say that the buy-to-let investors have been keeping Preston’s property market going throughout these recent difficult times.
Preston has always been a very natural market for lettings. With the university, the hospital, the proximity of the motorway network and many major employers in and around the city, demand for property to rent is always high.
People are looking at their investments and realising that there is not a great deal of value in traditional savings so, as well as looking at stocks and shares, they are considering investing in property.