Landlords confident as renting remains attractive

11 2008
Landlords across the UK have been advised that the buy-to-let sector will remain buoyant for some time yet as growing numbers of people are put off buying their own home amid the current economic slowdown.

Some concerns had been raised about the future prospects of the investment sector after it was reported that one of the biggest buy-to-let lenders, Bradford & Bingley, is experiencing liquidity problems.

However, the National Landlords Association (NLA) has been quick to dispel any fears, arguing that the enduring attractiveness of rental accommodation to both young professionals and students will ensure that there won't be any repeat of the sub-prime financial crisis.

NLA chairman David Salusbury concluded: "We believe now is a good time for the professional portfolio landlord, many of whom will be benefiting from increased demand and rising rents."

The comments come just days after it was reported that home sales across the UK have hit a 30-year low as growing numbers of people choose to sit out the turbulence and rent rather than take the risk of buying in a falling market.

ADNFCR-1219-ID-18634474-ADNFCR

Related Articles
Mayfair home falls down in credit crunch
A £20 million London property has become the latest victim in the...

House prices have 'no reason' to stabilise soon
The idea held by many that Britain's house prices will steady as a result...

Which? publishes help for 'accidental landlords'
Consumer organisation Which? has created a book to aid landlords in the...

Private landlords 'should be encouraged'
The private rental sector should be supported and expanded, and buy-to-let...

Annual price drop reaches 8.1%
A relatively modest annual price drop has been recorded by Hometrack this...