Buy-to-let market 'in good health'

Posted: 09 May 2007 10:42:54 GMT


            Property News - Buy-to-let market 'in good health'

The buy-to-let sector looks to be in robust health with one in four landlords claiming they have seen returns of 30 per cent or over from such investments in the last two years.

The buy-to-let sector looks to be in robust health with one in four landlords claiming they have seen returns of 30 per cent or over from such investments in the last two years.

Overall, only two per cent of landlords said that they had made a loss from similar acquisitions, according to recent findings.

New research from Alliance & Leicester claims that up to ten per cent of landlords have sold their properties on within the same two year time span.

Moreover, first-time buyers are most likely to purchase a property which was previously buy-to-let, with 42 per cent of those in this category doing so.

Head of specialist mortgages at Alliance & Leicester Jeremy Claridge said that the market was looking particularly healthy.

"The research paints an optimistic view of the buy-to-let market with all but two per cent of landlords, reporting they have achieved capital growth on their properties when sold in the last two years," he commented.

He added that landlords should plan carefully for any future downturn in fortunes. The study took a sample of 518 landlords.

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