24
Sep
Landlords 'increasingly positive about property prices'
One London estate agent has reported that landlords are becoming
more and more optimistic about the state of the UK property
market.
The Young Group's Young Index has revealed the increasingly
positive sentiment currently abundant among buy-to-let landlords,
with the majority believing that property prices will stabilise and
rise over the next 12 months.
Chief executive Neil Young said that from a practical point of
view, it appears that landlords are fully aware of the current
difficulties in securing buy-to-let mortgage funding to acquire
additional rental property.
The proportion of those who expect to add to their property
portfolios is levelling off, he continued.
"Landlords with the right property in the right location who are
realistic about their rental expectations are benefiting from the
current market conditions, seeing positive cashflow as a result of
low interest rates," stated Mr Young.
This news comes after Property Hawk described the recent increase
in rental prices as good news for landlords.
