Printer Friendly

Landlords upbeat about the buy-to-let market with many looking to buy more.

BUY-to-let landlords are confident about the market for 2006, with many predicting rent levels will increase, a survey shows. Four out of five investment landlords said they either felt the same or more positive about investing this year than they did last year, while 91% expect rent levels either to stay the same or increase.

Around 86% of landlords said they thought demand for rented property would increase during the year or at least stay the same, and the same proportion said they were not planning to reduce the number of properties they had, with many looking to buy more.

Just 1% of those questioned were planning to sell up and leave the market altogether, according to Bradford & Bingley.

Just over half of landlords said they were investing in property for their pension, while 49% said their portfolios earned them more than pounds 15,000 a year. Terraced houses are the most popular choice for investors, with 52% having one in their portfolio, followed by two-bedroom flats at 48%.

The research was based on answers from 3,079 landlords who responded to a questionnaire in B2L magazine.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Feb 1, 2006
Previous Article:British military death toll in Iraq rises to 100.
Next Article:Welsh SMEs embrace broadband.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters