Buy-to-let confidence continues strong

Posted: 13 Dec 2006 10:46:01 GMT


            Property News - Buy-to-let confidence continues strong

A survey of thousands of UK landlords suggests that confidence in the buy-to-let sector for next year remains high, despite the prospect of an inflation cooling interest rate rise early in 2007

A survey of thousands of UK landlords suggests that confidence in the buy-to-let sector for next year remains high, despite the prospect of an inflation cooling interest rate rise early in 2007.

Research conducted by Gfk NOP for Bradford & Bingley shows that up to 95 per cent of buy-to-let landlords expect to maintain or increase their existing portfolios of properties in 2007, a nine per cent rise on last year.

Despite recent interest rate rises and the prospect of a fresh round of rises to cool inflation next year, 55 per cent of landlords said that they would actively seek new properties next year.

Only three per cent of respondents said that they were looking to divest of bricks and mortar in 2007.

Two thirds of the survey group view price as key to any buy-to-let property purchase, while around a third of landlords view property condition or location as critical factors.

Just eight per cent of the poll said that they were full time professional landlords while close to 70 per cent own five or less investment properties.


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