Landlords high on confidence
Posted: 09 May 2006 09:25:29 GMT
Confidence in the UK buy-to-let sector seems to be higher than ever, with landlords enjoying improved returns and many making plans to add to their portfolios.
The latest Bradford & Bingley survey of UK landlords has found that around five out of six buy-to-let investors are expecting to increase or maintain their portfolios within the next six months.
An overwhelming 85 per cent say that rent is now high or higher than at the same time last year, while there has also been a seven per cent fall in the number of landlords reporting rent arrears when compared to three months ago.
"Our research findings are clear, the buy-to-let market remains buoyant with high levels of confidence from landlords and sufficient demand from tenants to support this," said Andrew Moss, Bradford & Bingley's buy-to-let product manager.
This high level of tenant demand is clearly the driving force behind the confidence in the sector, but the benefits are being felt by everyone involved.
In addition to forking out on new houses, landlords are investing heavily in their existing properties, representing the distinct improvement in standards seen in recent years.
Thanks to the option of advertising a property online, landlords are also enjoying significantly improved access to potential tenants.