Rise in international buy-to-let investors

Published 23rd Aug 2010

Fully Furnished, the furniture solutions provider to the property industry, has reported an increase in overseas buy-to-let investors as confidence grows in the UK market, particularly in central London...

Alec Watt, Managing Director of Fully Furnished, states that this marked surge in investors means that they have seen a rise in enquiries in their furniture sales division so far in 2010.

Alec comments: "Although still faced with its challenges, there is more confidence currently in the UK property market and demand for rental properties remains very strong. Recognising the increase in rents now being achieved, we are seeing more international investors than ever choosing to make an investment purchase in our capital city. Therefore, as we move further on into the second half of the year, we are continuing to focus on this market with the recent launch of our new low cost furniture and accessory package, the Essentials range, which has been specifically designed with investors in mind."

As well as this increase, for the first half of the year Fully Furnished reported a substantial growth in overall business compared to the same period in 2009. Alec explains that all parts of the business are performing strongly including relocation and emergency furnishing as well as Callister Russell, the group's ultra luxury brand which was launched last year.

Alec continues: "We have seen signs that the property market is seeing more positive activity, for example our dress for sale service has again grown significantly. This movement implies that developers are seeing the benefits to owning fewer assets and are keeping their budgets in line with the returns that they wish to achieve."

Source: ' TMC '

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