Landlords 'unfazed' by falling house prices
Published: 21-Apr-2008
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Most buy-to-let investors are not concerned about the fall in house prices, Arla has claimed.
Some analysts had voiced concerns that a sharp drop in property values might cause investment landlords to offload properties in large numbers, further exacerbating the property downturn.
But according to the latest figures released by Arla such fears appear to be misplaced, with the majority of landlords taking a long-term perspective to the market and voicing little anxiety over the current downswing.
Nine out of ten landlords say they have no intention of selling their investments if the price of property falls, the group's latest research suggests, while a further 46 per cent are actually planning to increase their portfolio in the coming 12 months.
Analysts say that the majority of property investors have been in the sector for a number of years and so they are less likely to be spookedby short-term fluctuations.
The average landlord owns seven properties and anticipates holding onto them for another the 17 years, the Arla research found.
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