Buy-to-let investment continues to climb

Posted: 14 Feb 2007 10:09:35 GMT

The number of landlords intending to expand their portfolios continues to rise despite falling higher borrowing costs, research for the Homebuyer Show has found

The number of landlords intending to expand their portfolios continues to rise despite falling higher borrowing costs, research for the Homebuyer Show has found.

The survey found that 47 per cent of landlords are planning to invest in more property, up from 40 per cent in January 2006.

The number of new entrants to the market has also continued to rise with almost a fifth of non-landlords saying that they would like to own rental property.

Homebuyer Show experts said that with higher borrowing costs and a slip in rental yields new landlords should not expect any investment to make them rich quick.

"The key thing to remember is that buy to let is a long term investment," advised Simon Zutshi, founder of Property Investors Network, an exhibitor at the Homebuyer Show.

"You should not get into property investment looking for a short-term gain. With the market tightening, it is vital that investors exercise caution and do their research.


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