B2L market could grow by 40% in next decade

Alliance & Leicester says the buy-to-let market could grow by a whopping 40% in the next 10 years.

A report by A&L and think tank the Centre of Future Studies found the rental market is growing in popularity, particularly among students and single people. A&L believes positive attitudes towards renting will spark growth of 40% over the next decade.

Stephen Leonard, director of mortgages at A&L, says: “Demand for rented property has been growing steadily in recent years and returns on buy-to-let have increased.

“This growth is expected to continue as the number of renters rises further and buy-to-let becomes even more attractive.”