Landlords 'showing increased confidence in buy-to-let market'
News Category: Industry News
Published: 29-Dec-2009
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A poll of buy-to-let landlords has revealed an upturn in confidence about the performance of the sector.
The Young Index survey revealed that 99 per cent of investors plan to hold on to their current assets for at least the next 12 months, with 49 per cent intending to keep hold of their properties for the next decade.
Three-quarters of the landlords who were questioned also stated they believe property prices in London will stay the same or rise next year, with 60 per cent saying the same will be true for the rest of the UK, reports E1 News.
These figures are backed up by the numbers planning to make further property investments next year, with 59 per cent thinking of expanding their portfolios in the capital and 43 per cent considering investments in new properties outside London.
According to recent research by Upad.co.uk, almost 60 per cent of landlords feel more confident about the state of the residential property market than they did last month.
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