12
Dec
Buy to let investors unconcerned about decline
Buy to let investors remain confident despite reports of a decline
in the market, it has been discovered.
A survey of buy to let landlords conducted by Bradford &
Bingley found that 60 per cent of respondents pay little heed to
predictions of a slowdown in the buy to let sector.
Moreover, some 95 per cent said they expected that rental yields
would stay strong during 2008.
This confidence in the market is underscored by the fact that 86
per cent of investors said they were planning to add to their buy
to let property portfolio over the next year.
Jeremy Law, head of buy to let at Bradford & Bingley, said:
"These are the people on the ground who are researching their
areas, taking out the mortgages, buying, maintaining the properties
and managing the tenants, therefore their opinions are
important.
"The social and demographic trends that have been driving the
market continue to remain strong with rental demand remaining
robust. If house prices stagnate or fall, we are likely to see
demand for rental properties strengthening, leading to improved
rental yields."
