Landlords 'focusing on long term'

News Category: Industry News

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Landlords are purchasing buy-to-let property and planning for the long term, according to Association of Residential Letting Agents (Arla) operations manager Ian Potter.

Individuals and agents in the property market, who may find they can benefit from rent management software, are apparently buying bricks and mortar with a view to making money in five to 15 years time, and sometimes even 20 years in the future.

Following Arla statistics which indicate that its members are seeing more of their landlords buy properties, rather then sell them, Mr Potter said that there are a number of "serious investors" who are taking advantage of lower property prices.

Explaining the current thought process of landlords in the UK, he added: "Whilst there's an argument that property prices could still go down, there is an even stronger argument on supply and demand that property prices in the long term will go up."

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