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7 In 10 Landlords Making A Living From Buy To Let Properties
As many as seven out of ten professional landlords with over 20 buy-to-let properties in their portfolio are making a living from their investment, research shows.
The study, commissioned by Paragon Mortgages and conducted by BDRC Continental, revealed the opportunities for professional landlords looking to make property investments, finding 44 per cent of those with between five and 19 properties were also making a living.
Furthermore, those working as professional landlords experienced the highest rental yields in the third quarter of the year. Those with over 20 buy-to-let properties experienced an average rental yield of 7.7 per cent, while those with fewer properties saw a yield of 6.5 per cent.
The results come after the Association of Residential Letting Agents revealed that new tenancies reached record levels in the past year and more rental properties are now needed.
According to ARLA research, 74 per cent of landlords believe demand for homes and apartments is outstripping supply.
The period tenants are staying in properties also reached a record high of 19 months.
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Article date: 11/2/2011 12:00:00 AM