30
Mar
Buy-to-let landlords 'looking to make more acquisitions'
Buy-to-let landlords are poised for a major re-entry into the
property market, new research has indicated.
The Young Group of property portfolio managers has stated that
investors are looking to buy in the next few months in expectation
that prices will start to recover before long.
Its survey for the first quarter found that 40 per cent of such
people are planning to buy London property in the next 12 months,
compared with 33 per cent in the last quarter.
The total looking to make acquisitions elsewhere in the country
over the same period more than doubled to 24 per cent.
Similarly, 49 per cent now expect London prices to rise in the next
year and 24 per cent anticipate this for the rest of the UK - up
from 36 per cent and ten per cent respectively since the previous
three-month period.
Last week it was stated that landlords will benefit from continued
high levels of rental demand caused by ongoing difficulties for
first-time buyers trying to raise deposits.
Editor of Property Hawk Chris Horne said this would ensure rental
levels are "fairly stable in the long term".
