Private wealth management firms recommend buy-to-let?

Private wealth management firms may direct their clients towards buy-to-let property investment, as one expert reveals "rents are definitely on the way up".

Mark Garner, director and founder of LettingZone, notes lack of stock means prices are mounting, adding changes to housing benefits will see more people moving into privately rented accommodation, leading to rises "for the next two years".

For those with private wealth, this might be a good opportunity to expand investment portfolios and move into sectors likely to offer a good rate of return.

And private wealth management firms may agree, as yesterday (November 22nd), Rightmove revealed the proportion of renters predicting higher rates in a year's time stands higher than 40 per cent (41 per cent) for the second successive quarter.

Similarly, available properties are falling at a rate of 23 per cent annually, meaning those with significant buy-to-let holdings are likely to enjoy good returns on their investment.ADNFCR-2318-ID-800251074-ADNFCR