Strong Buy to Let Market
Bradford & Bingley’s latest survey reports that, contrary to belief, property investors were still confident about the buy to let market. Many intend to purchase more properties during the year as rent yields remain at 5.75%.
The average investors portfolio is 6.1 properties, an increase from 5.7 six months ago.
33% of landlords expect rental yields to rise over the next six months and around 62% consider they will remain the same.
Bradford and Bingley’s head of buy to let states that over half of their landlords had added to their portfolios during 2007 and this shows that 2008’s prospects are good.
Recent issues have kept rental demand high and expectations are that the demand will rise during 2008 giving the confidence that buy to let is here to stay.
Buy To Let Property
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