Landlords' confidence highlights rental sector strength |
07 2008 |
| A new study into the investment strategies of UK buy-to-let landlords has highlighted the booming demand for rental accommodation across the country. Rising house prices and growing numbers of full-time students have both been cited as major factors behind the recent growth in popularity of the rental sector and this trend shows no sign of slowing down, a majority of those property experts polled by Property Hawk found. Though landlords are required to pay significant fees up-front when taking on a property, including stamp duties and furnishing costs, the fact that demand for rental properties of all sizes is currently very high means that they are able to look at their houses as long-term investments. "A lot of landlords buy buy-to-let properties for their pensions, so it's a much more long-term investment," concluded the website's editor Chris Horne. Recent research carried out by the Association of Residential Letting Agents supported this view, with four out of ten landlords planning on buying more properties in 2008 in order to take advantage of rising renter numbers.  |
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