Landlords confident of busy 2008 |
14 2008 |
| Yet another study has shown that private landlords across the UK are confident that the rental property sector will continue to be driven by strong tenant demand. What's more, the research carried out by Alliance & Leicester Mortgages found that 64 per cent of those questioned are happy with the income they are getting, indicating that tenants are unlikely to be stung by a rise in rental rates over the coming months. The study also concluded that 87 per cent of landlords have no intention of leaving the rental market as they see it as a profitable pastime, though only four per cent currently regard it as their full-time profession. "It is encouraging to see landlords taking a measured, long-term approach to their buy-to-let investments," said Stephen Leonard, director of mortgages at Alliance & Leicester. "Whether it is to provide a pension for retirement, or a monthly income, landlords’ ambitions suggest buy-to-let will remain an important part of the overall UK housing market." Earlier this month a similar study by Paragon Mortgages concluded that there is no sign of the 'current strong tenant demand abating'.  |
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