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31/03/2009
Buy-to-let expectations higher, says survey |
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Buy-to-let investors are increasingly optimistic about the property market and are keener to invest over the coming months, a new survey has found.
The quarterly study by the Young Group of property portfolio managers found that 40 per cent plan to buy in London in the next year, up from 33 per cent the last three months of 2008.
In addition to this, 24 per cent of those polled in the first quarter of this year said they intend to buy in other parts of the country, more than twice the previous figure.
The increased desire to buy tallies with the expectation that prices will rise, as 49 per cent expect London to see increases in the next 12 months and 24 per cent elsewhere, up from 36 per cent and ten per cent respectively.
Investors keen to make purchases soon may wish to take legal advice on the matter.
Rents from buy-to-let should be stable in the near future, due to continued high demand for such accommodation, editor of Property Hawk Chris Horne has stated.
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