BTL favouring houses

Buy-to-let investors are beginning to turn their attention towards houses rather than flats, according to the latest research from the Royal Institution of Chartered Surveyors (RICS). In September, a net balance of two per cent more surveyors reported a rise than a fall in buy-to-let enquiries, with interest generally found to be stronger for houses than flats. Although the trend was bucked in London, RICS said this was a reflection of the different nature of the capital's rental market and the cost and availability of its houses. "The firmer tone to the market has rekindled enquiries from buy-to-let investors, albeit in a more measured way than was visible prior to the onset of the credit crunch," said Simon Rubinsohn, RICS chief economist