Landlords take long-term view

Posted: 04 Feb 2008 11:02:35 GMT

The majority of UK landlords now see their properties as long-term investments, according to Property Hawk.

The majority of UK landlords now see their properties as long-term investments, according to Property Hawk.

The website claims that current market conditions have forced many investors to rethink their future plans.

It means that most now intend to hold onto their properties and wait until market conditions are more favourable before deciding to sell.

"Most landlords, because of the costs of buying and selling now, particularly with stamp duty rates going up, see residential investment as a long-term hold. A lot of landlords buy buy-to-let properties for their pensions," said Chris Horne, Property Hawk editor.

"You can be looking at spending ten per cent of your capital sum just by buying and selling, so even if maybe most landlords realise that prices are heading downwards, they take a long-term view about it all," he added.

The Association of Residential Lettings Agents recently revealed that rental yields increased in January.

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