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Buy To Let Investors Optimistic In August
Landlord optimism is at its highest level for four years, buy to let investors have been told, after the National Landlords Association (NLA) published its latest quarterly index.
Some 65 per cent of landlords rated prospects for their own property investments for the next three months as "good" or "very good", while 54 per cent hold the same view about the overall market.
The survey did, however, reveal some concerns about the state of the UK economy, as well as cuts to local housing allowance.
David Salusbury, chairman of the NLA, said the increasing availability of buy to let mortgages and strong demand for rental accommodation is further stimulating positive sentiments.
"After a challenging few years, it is encouraging to hear that the majority of landlords are feeling positive about their lettings business and the overall state of the private-rented sector," he said.
It follows news that the overwhelming majority of landlords reported positive relationships with their tenants in an NLA survey this month.
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Article date: 9/1/2011 12:00:00 AM