9
Nov
Buy to let owners still confident in property market, report says
Buy
to let owners have been found to still be confident in the
property market, according to a recent report.
Upad released findings today (November 9th 2010), which revealed
that 54 per cent of landlords are more confident in the rental
sector this month, compared with the last.
However, this also reveals a slight drop in confidence compared
with October 2010 when 57 per cent said they were more positive
about the industry, in comparison to September.
Upad's chief executive James Davis said: "While tenant demand is up
and falling property prices ought to offer opportunity for
investment, the wider economic climate means that many landlords
feel they are on a knife edge."
He added that more support should be given to buy
to let owners so that they can help those who cannot get on the
property ladder themselves find accommodation.
Findings released last month by ludlowthompson.com suggested that
landlords should feel positive about the market, as it revealed
that 25 per cent of buy
to let properties are being let through sealed bids, due to a
rise in demand from tenants.