Confidence Comes Back within the Buy-To-Let Sector
Survey revealed that buy-to-let investors expressed confidence in the Private Housing Sector – as there are an increasing number of professional landlords joining the market.
Statistically, buy-to-let investors enjoyed a 7.6% annual return on their investments in 2009, with the value of their properties increasing by 3% and rental income has added a further 4.6%.
CHL Mortgage conducted a survey on its landlord customers; reporting that 81% of them expressed confidence within the buy-to-let market. As explained by the Managing Director of CHL Mortgages, Bob Young: “our first quarterly survey of CHL landlord customers seems to show growing confidence in the Buy-to-let sector… the survey reveals that buy-to-let has gone back to its roots and is now a sector dominated again by professional landlords rather than the type of borrower we saw in the “boom years” which were motivated by short-term ambitions as they attempted to make money quickly from property”.
Moreover, the Young Index findings highlighted that 99% of the landlords intended to keep their properties for a minimum of 12 months more; while 59% hope to expand their portfolio this year by purchasing houses in London and 43% of investors keen to buy a property in the rest of the country.
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