Property investors plan house purchases
News Category: Industry News
Published: 29-Sep-2008
This article was brought to you by Rentman the premium rent management software
UK investors are planning to shrug off house price falls to add to their property portfolio over the next 12 months, a study has shown.
A poll conducted by the Association of Residential Letting Agents (Arla) found that four out of ten landlords are planning to buy a property this year.
Meanwhile, over three quarters of buy to let investors said they do not propose trimming the number of houses they own.
The figures come amid soaring demand for rental accommodation as the lack of availability continues to force would-be buyers out of the home buying sector.
Ian Potter, head of operations at the organisation, said: "The average investor is cautious, mature and aims to support the private rented sector for the long term by looking for the right property in the right market.
He added: "It is very clear that without the support of the buy-to-let investor, the sector would be seeing some very serious shortfalls in the supply of housing to rent in some areas given the downturn in the housing market."
Arla's study also found that a landlord buying a new property is intending to borrow 70 per cent of its value.
Buy letting agent software that works
