Landlords enjoying increased confidence in property investment
Landlords with buy to let insurance are among those currently enjoying increased confidence in property investment.
That is the verdict of the latest UK Confidence Tracker Survey from Worldwide Property Group.
It found that 80% of people surveyed said property was their leading investment of choice.
The number is the highest figure since August last year and is now the second highest recorded since the survey started in 2009.
Recent falls in commodities prices such as silver, copper, nickel and tin are said to be among the key factors pushing people back towards property investment.
Other results from the survey show 73% expect to see an interest rate rise over the next year but most (91%) reckon it will rise less than 1%.
In light of this more than eight in 10 (83%) believe it is currently a good time to buy a property in the UK.
Of course buy to let landlords not only have the security of their property but also their investment should bring them solid returns from tenants – particularly as rents are at record highs across most regions of the UK.
It is therefore important that landlords look after their investment so that it continues to bring in returns for them.
Getting the right level of landlord insurance for your needs can represent a good start towards this.