Insurance News Archive
Buy to let landlords unfazed by property market confusion
Landlords are too insightful to be confused by conflicting housing market reports, the association of Residential Letting Agents (ARLA) has said.
In their own report published today, ARLA found that nearly two-thirds of the landlords surveyed expect to acquire further investment property in the next twelve months.
Even if house prices fall, nine out of ten of ARLA members say they will not sell their investment property.
This may be to do with landlords' motivations for investing in the first place, suggests the ARLA: half have invested in order to "create a nest egg" and only 2.7 per cent for short term capital gain.
Commenting on the report, Stuart Law, chief executive of buy to let advisor Assetz, said: "Investors are being confident that the prices will rise in the long term.
"What we are now seeing is there were far less speculative investors in the market place than people thought.
"Prices rises are slowing down a bit and it is not affecting investors much, they are just taking a long term view," he added.
The report found that landlords have been active on the buy to let property market for an average of just under six years and hold an average of five properties.
27 Jun 2006
