Confidence grows among landlords

Posted: 06 Nov 2007 14:21:09 GMT

Buy-to-let property investors are growing increasingly confident in the market, according to new research.

Buy-to-let property investors are growing increasingly confident in the market, according to new research.

A study from Property for Life reveals that 76 per cent of landlords believe that now is a good time to purchase an investment property.

This signals a rise on the 72 per cent who thought the same in September and appears to be linked to a belief that the base rate of interest has peaked.

According to the study, 64 per cent of investors are confident that rates have peaked and this is encouraging them to increase their portfolios.

"No matter what the critics say, the buy-to-let market remains buoyant," commented David Austin, managing director of Property for Life.

"The belief among investors that the base rate has peaked appears to have led to an increased feeling of security, prompting a greater percentage to be confident that now is still a good time to buy investment property.

"Despite some believing that house prices may decrease over the next 12 months, investors are not being dissuaded from expanding their portfolios, optimistic that prices will resume their upward path in the near future," he added.

GE Money Home Lending recently revealed that 89 per cent of mortgage brokers also believe that interest rates have peaked.

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