Buy-to-let investors snap up bargains in slow property market

Buy-to-let investors are taking advantage of a sluggish property market to snap up bargains, according to Hamptons. More than half – 56% – of investor offers last month were at least 10% below the asking price, rising to 63% among landlords paying in cash. A total of 27% of these offers were accepted, compared to just 18% at the same time last year. Investors made up 14% of July purchases, “securing bigger discounts in a slowing market”, according to analysis of Connells figures by Hamptons. When the market slows, seasoned investors rarely stand on the sidelines for long.” David Fell, Lead Ana