Landlords determined to retain properties
buy-to-let investors are increasingly determined to maintain their property portfolios despite the consistent falls in house prices, according to a new survey.
The latest figures from the Association of Residential Letting Agents (ARLA) show that 40 per cent of buy-to-let investors are planning to expand their portfolios over the next twelve months - while only 1.6 per cent expects to sell because of the current market conditions.
This is despite recent figures reporting an increase in the length of time landlords expect to hold on to their properties, as well as a lower loan-to-value ratio than generally reported.
ARLA's Head of Operations Ian Potter identified buy-to-let landlords as prudent investors. He said: "These investors understand the realities of the investment market they have chosen.
"This understanding would appear to be far greater than the understanding shown by investors in many other markets and is proving to be a bonus for the nation's housing problems."
House prices fell for the ninth consecutive month in June, though the fall did slow to just 0.9 per cent from May's fall of 2.4 per cent.
Published 2nd July, 2008
© 2008 Estates IT Limited
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Buy-to-let investors are increasingly determined to maintain their property portfolios despite the consistent falls in house prices, according to a new survey.