Buy-to-let remains buoyant
- 8th January 2008
- Buy-To-Let Property News
The buy-to-let sector remains buoyant despite growing concerns in the wider property market.
Research from the Association of Residential Lettings Agents (ARLA), has shown that 90% of landlords have no desire to sell property during the next two decades, believing their property portfolios to be long term investments. In fact, up to 40% of landlords will be looking to buy further properties in 2008.
Commenting on these results, ARLA’s head of operations, Ian Potter, says: “This is good news for the whole of the private rented sector and for the housing market, particularly as it comes from surveys carried out well after the credit crunch had begun to bite.”
The majority of landlords expect their property investment to remain in place for an average of 16.7 years, with only one in 12 expecting their investment to last less than five years and just 2% seeing it as short term.
This is good news for the whole of the private rented sector and for the housing market.
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