Buy-to-let landlords 'will not sell up'
News Category: Industry News
Published: 21-Oct-2008
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Buy-to-let investors are not letting the economic crisis force them out of the sector, a new survey has found.
According to research by Young Group, property owners are willing to stay in the market for many years to come.
Indeed, 98 per cent of landlords quizzed between July and September said they plan to hang on to their investment property for at least another year.
This is up from 91 per cent during the second quarter of 2008, which suggests that resolve in the buy-to-let sector is strengthening, despite major economic problems.
Neil Young, chief executive of Young Group, commented: "With the correct advice and an analytical, long-term approach, good returns are there to be made."
He added that the findings show the buy-to-let sector is still "alive and kicking".
This comes after figures from letting agency Your Move revealed that demand for rental accommodation in the UK is on the up.
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