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Landlords increasingly optimistic about Buy-to-let market

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Landlords up and down the country are increasingly optimistic about the future of the buy-to-let market as tenants continue to flood the market, according to the latest survey from LSL Property Services.

Just one in every 100 landlords surveyed believes now is a good time to reduce their portfolios, with the rental market flourishing due to first time buyers continued struggled to get on the housing ladder.

With 185,000 fewer first-time buyers entering the property market in the last 12 months compared to the level before the economic downturn, the vast majority are remaining in the private rental sector instead, pushing the average rental price to an all-time high of £692 per month.

As a result, as much as 86% of landlords polled by LSL Property Services are planning to maintain or expand the size of their portfolios over the next 12 months, while some 49% think now is a good time to invest in property.

“Optimism among landlords is not only buoyant, but increasing. Soaring rents and climbing demand from frustrated first-time buyers are not only making buy-to-let an attractive proposition for new property investors – but are encouraging existing landlords to grow their holdings before property prices increase once more,” David Newnes, Estate Agency Managing Director for LSL Property Services, said.

Those interested in taking advantage of the current rental boom have been advised to seek legal advice before approaching the market. Making sure your property meets all regulations is essentially if you want to avoid legal action from tenants in the future.

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Written by Andrew Hodges

June 13, 2011 at 11:11 am

Posted in Comment, LinkedIn

Tagged with , ,

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