'Serious' landlords undeterred by uncertainty of housing market
Published: 01-Apr-2008
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Buy-to-let landlords, particularly those who are in it for the long haul, stand to achieve higher yields as demand on the private rented sector continues to grow.
That is according to Paragon Mortgages, whose latest Buy-to-Let Index has revealed that average rents have reached a new peak of £11,886 in February.
It was noted that large-scale investors dominate the private rented sector, with 100 properties or more being owned by 13 per cent of landlords.
John Heron, director of mortgages for Paragon, asserted that large-scale landlords had a "very different view of the market from the short-term speculator".
He commented: "Serious landlords take a long-term perspective based on the underlying dynamics of supply and demand. They only invest in properties for which they know there is proven demand and which will generate an adequate return.
"There is noevidence that this class of investor is spooked either by the credit crunch or by the uncertain outlook for house prices."
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