Property prices paid by investor landlords eased slightly in August compared to the month before, but were still almost £8,400, or 5.5%, higher than in April new research reveals.
Paragon Mortgages Buy-to-Let Index for September shows relatively strong increases in landlord property prices in marked contrast with the months between November 2004 and April 2005, when property values were static or declined slightly. In August, landlords paid on average £160,984 for a typical investment property, compared with £152,622 in April this year and £141,765 in August 2004 - up 13.7% over the year says the research. John Heron, managing director, of Paragon Mortgages says: "The market took a breather in the winter and early spring 2004-5, which translated into flat proper...
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