6
Aug
Long-term prospects for buy-to-let market are "very good", say
landlords
Future prospects for landlords are increasingly positive in the
buy-to-let market, according to an expert.
Tom Entwistle, editor for online community LandlordZONE, said that
it could be wise to make selective investments in rental property
while the prices are low, given factors such as the current
demographic issues, planning restrictions and job insecurity.
He expressed agreement with a report this week by research agency
BDRC, which found that 17 per cent of landlords think the outlook
is "very good", compared to just ten per cent in the first quarter
of 2009.
"I would say the long-term prospects for the residential lettings
market in the UK are very good," said Mr Entwistle.
"Investing in property to let needs to be a long-term strategy
which spans the property cycle's ups and downs."
The Council of Mortgage Lenders also released positive news earlier
this summer, with its decision to revise down its prediction for
the number of repossessions this year from 75,000 to 65,000.
