Landlords 'more confident about buy-to-let market'

News Category: Industry News

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Landlords are growing in confidence about the state of the buy-to-let market, according to the results of a new survey.

Research carried out by Upad.co.uk found that 58 per cent of landlords feel more confident about the state of the sector than they did last month.

Chris Horne, editor at website Property Hawk, said that the figures may be down to a reduction in so-called accidental landlords, who moved into the buy-to-let market earlier in the year when they found themselves unable to sell off their properties.

"In that respect - with supply reducing, tenant demand still strong and interest rates low – I think landlords are feeling reasonably comfortable going into 2010," he stated.

Mr Horne added it was clear there are still a substantial proportion of landlords who felt uneasy about the state of the market.

He suggested this may be due to the financial difficulties facing many tenants, which is leading to an increase in the amount of people being unable to pay their rent.

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