Confidence high among landlords

Posted: 12 Dec 2007 12:04:00 GMT


            Property News - Confidence high among landlords

Confidence remains high in the buy-to-let property market, despite some recent negative reports.

Confidence remains high in the buy-to-let property market, despite some recent negative reports.

That is according to new research from Young Group, which shows that 93 per cent of all investors in the UK intend to hold on to their properties for the next 12 months.

In addition, 37 per cent of investors believe their properties outside of London will not fall in value in the next year, while 82 per cent of people with London investments think the same.

Further to this, 54 per cent of investors said that they intend to increase their London portfolio before the end of 2008.

"We always urge investors to take a long-term view and ensure that they are financially able to accommodate any short-term fluctuations in market conditions that may occur," said Neil Young, chief executive officer of Young Group.

"The Young Index results clearly show that buy-to-let investors continue to have confidence in the sector," he added.

Buy-to-let investors were given a boost this month when the Bank of England cut the base rate of interest to 5.5 per cent.

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