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Buy To Let Investors Feeling Confident About The Future
More than three-quarters of buy to let investors are planning to expand their property portfolios over the next year, according to a recent survey of the Assetz investor database.
Landlords named the ongoing strong rental demand as the main reason for increasing their property investment, as well as rising rental values and the belief that prices are beginning to bottom out.
Meanwhile, investors are moving towards a more patient view of the market, with 50 per cent saying long-term capital gain is their overall strategy.
"The buy to let market is booming with landlords returning in considerable numbers, encouraged by the excellent rental returns currently available as well as the prospect of long term capital growth if property prices continue to strengthen," said Stuart Law, chief executive of Assetz.
In July, the Assetz House Price Watch found that average house prices rose consistently in the first half of 2011, going from £195,425 in January to £198,908 in June.
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Article date: 9/29/2011 12:00:00 AM