Landlord confidence remains

Posted: 18 Dec 2007 10:58:14 GMT

            Property News - Landlord confidence remains

UK landlords remain confident about the future prospects of the sector.

UK landlords remain confident about the future prospects of the sector.

A new report from Alliance & Leicester shows that 71 per cent of buy-to-let investors rate their overall prospects as good or very good.

In addition, 77 per cent said that they are making a profit out of the properties they own, with 22 per cent of these people able to put some of this money towards their savings.

"It is encouraging that buy-to-let landlords indicate they are feeling buoyant about the outlook for 2008. Regardless of a tough financial year, it is clear the buy-to-let property market is still healthy for longstanding landlords, especially for those in the sputh-east of the country," said Jeremy Claridge from Alliance & Leicester.

"Our research shows that landlords believe London will produce the highest rental yields in 2008 and remain very popular as investment areas, but it is the north of England and Scotland that are expected to expand most rapidly over the next year in terms of projected net growth," he continued.

Landlords were given a boost this month when the Bank of England announced a cut to the base rate of interest for the first time in over two years.

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