ARLA Reports Life Signs in the BTL Sector

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For the first time in 2 years, experts are reporting that buy to let investors are buying more properties than they are selling, which suggests a rise in the level of activity on the buy to let market. The Association of Residential Letting Agents (ARLA) experts reported that landlords were buying 2 times more properties in the first quarter of 2009 compared to the last quarter of 2008. Fewer ARLA estate agents reported that landlords were selling properties. According to ARLA agents, the increased level of activity on the rental property market can be explained by the fact that most landlords are bargain-hunting.asdasdasd Interestingly, ARLA quarterly survey revealed that more landlords faced problems when meeting their mortgage payments. One out of five ARLA members reported a repossession of at least 1 property every week. Almost 5% of ALRA agents said that there 2 or more properties repossessed on a weekly basis. Increased activity is reported despite the oversupply of rental property on the market, caused by reluctant landlords flooding the market with houses and flats they are unable to sell. Ian Potter, an expert to ARLA is determined that still there are good bargains on the market for investors with a keen eye.