Paragon: Buy to let portfolios expand

Posted: 10 Apr 2007 13:03:56 GMT


            Property News - Paragon: Buy to let portfolios expand

The last quarter saw the average buy to let portfolio increase in size by 0.9 properties per landlord, according to new research.

The last quarter saw the average buy to let portfolio increase in size by 0.9 properties per landlord, according to new research.

In its latest buy-to-let index, Paragon Mortgages found that between November 2006 and February 2007 the average number of properties in a portfolio rose from 10.2 to 11.9. It also discovered that some landlords expect this number to increase further over the next 12 months.

Commenting on the research, John Heron, managing director of the mortgage provider, states that landlords can expect "strong rental incomes and good yields" - a situation that he argues has been caused by high tenant demand.

The managing director adds that landlords are also demonstrating high levels of confidence in the market.

"They know that tenant demand is pushing rents and yields upwards and remain confident in the long-term capital appreciation of their current properties. They fully expect to continue expanding their portfolios in both size and value over the next 12 months," Mr Heron adds.

Paragon Mortgages offered its first buy to let mortgage in 1995 and caters specifically for professional property developers.


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