Landlords 'regaining confidence in buy-to-let'

News Category: Management

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Confidence in the strength of the buy-to-let market among landlords is beginning to improve, according to an expert.

Tom Entwistle, editor at online community LandlordZONE, has suggested that current economic conditions such as unaffordable housing, planning restrictions and job insecurity bode well for the profitability of the rental sector.

He said: "Selective investing in rental property while prices are low could be an excellent long-term strategy."

This positivity would appear to be borne out by recent FindaProperty.com research which showed that the average rental prices in June had attained their highest levels since March.

However, Mr Entwistle reminded landlords looking to expand their portfolios that the risk of rental arrears was also on the rise due to the recession.

As a result, he called on property letters to ensure their businesses are well-managed with a long-term strategy in mind to allow them to cope with unexpected financial setbacks such as non-payment of rent.

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