Buy to let landlords 'still confident' about the future

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Buy to let landlords are still confident about the future, especially if they own lettings in London, according to new research.

The study, undertaken by property portfolio managers the Young Group, revealed that 82 per cent of landlords in the capital believed that property prices will at the least remain constant in 2008.

While the survey discovered significantly lower levels of confidence outside of London, it did indicate that over 90 per cent of landlords claimed they were not influenced by media reports about the property sector.

Neil Young, the chief executive of the Young Group, said: "As with any investment asset class, it's imperative to scrutinise each opportunity carefully and ensure that it is supported by sound fundamentals."

"Confidence in the London market outstrips the rest of the UK by more than five times, which is a consequence of the continued undersupply of property in the capital and London's dominant position as the world's leading centre for global business and finance," he added.

According to figures recently published by the Association of Residential Lettings Agents, demand for rental property is at its highest level in five years.

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