Landlords 'confident in the future'
News Category: Industry News
Published: 26-Jul-2007
Landlords in the UK are confident that they will continue to see good returns from their property in the future, a study suggests.
Research carried out by the Money Centre, and seen by the Move Channel, found that 73 per cent of landlords said their overall confidence in the UK rental market was 'good' or 'very good'.
This represents a two per cent rise since the Money Centre last carried out similar research.
The data also showed that landlords are becoming increasingly professional in their dealing - with 55 per cent saying they had invested in buy-to-let as a business to achieve a regular income.
"The change in approach is good for tenants as landlords are be keen to protect their investment with regular maintenance and improvements," Lynsey Sweales, marketing and PR director at the Money Centre, told the Move Channel.
"Higher interest rates may cause a little short-term pain for some landlords, but the majority know it’s an excellent long-term investment and are confident that it is still outperforming other investments, even in this higher-rate environment."
Recent research suggests that landlords have enjoyed yields of between 5.5 and six per cent so far this year.
