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Buy-to-let sector remains upbeat

January 9, 2008 by admin  
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The optimism in the buy-to-let sector has not been deterred by predictions of a moderating property market, according to industry experts.

Research from the Association of Residential Letting Agents (ARLA) has revealed that only one in ten of landlords are considering selling their property.

A further 40 per cent of investors are looking to expand their property portfolios over the next year.

Ian Potter, head of operations at ARLA, said: “This is good news for the whole of the private rented sector and for the housing market, particularly as it comes from surveys carried out well after the had begun to bite.”

The findings also show that 90 per cent of buy-to-let landlords also have no intention of selling up in the last quarter of 2007 within the next 17 years.

Meanwhile, house prices in the UK increased by just one per cent in the final quarter of 2007, according to research released today by the Nationwide building society.

Tags: 17 years, research, credit crunch, nationwide, last quarter, today, quarter

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