Investment to cut rent hikes

Ben Southwood
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THE SPEED of rent growth is set to slow down in 2013, according to a survey out this morning, due to an influx of new investment.

Investors are piling into buy-to-let, the survey from Rightmove suggested, due to high returns.

Twelve per cent of accidental landlords are looking to boost their capacity, the survey showed, while 74 per cent of professional landlords plan to invest more during the year.

“Buy-to-let investors, attracted by evidence of sustained demand and strong yields, will provide much needed relief to ‘Generation Rent’,” said Rightmove’s Miles Shipside.