Buy-to-let landlords viewing long term investment
Published On 22 January 2007
The majority of buy-to-let landlords see their property as a long term investment and expect to be in the market for the minimum of a decade, according to a new report.Research from Alliance & Leicester has found that despite possible future interest rate rises, four in ten landlords expect to buy further letting properties this year.
The figures showed that a majority of landlords (53 per cent) intend to remain in the market for over ten years.
In fact, confidence in the sector remains high with 29 per cent of buy-to-let landlords saying they will remain in the market indefinitely with 79 per cent 'optimistic' about the overall prospects for the industry.
Mehrdad Yousefi, Alliance & Leicester spokesman, said: "This upbeat view of the buy-to-let market from those at the coal face is encouraging. Landlords' love affair with the buy-to-let market is not without justification and it comes as no surprise that four in ten (41 per cent) expect to buy further letting property in 2007.
"With the majority of landlords expecting to stay in the buy-to-let market for the long term, there is no doubt the sector will remain an important and stabilising part of the overall housing market."
