While overall property valuations fell by 4 per cent on the month and by 23 per cent on the year, buy-to-let activity was up by 37 per cent on a monthly basis and recorded just a moderate decrease of 4 per cent on the previous year.

“The buy-to-let sector has bounced back after a disappointing performance in December when it had seen one of the biggest monthly falls. It now looks to have regained that lost ground as landlords – now spoilt for choice with a record number of mortgage products to choose from – begin to invest more. Low mortgage rates have also continued, posing even more attractive deals for potential landlords or those expanding portfolios,” John Bagshaw, corporate services director of Connells Survey & Valuation, commented.

While the low rate environment …