18
Apr
Buy-to-let 'full of optimism'
A high number of property investors have stated that the buy-to-let
sector will stay healthy in the coming year despite the adverse
impact of the credit crunch in a survey by the Association of
Residential Letting Agents (Arla).
Of those polled by the organisation, 90 per cent of landlords
stated that they will not sell up if prices dip, while 46 per cent
will look to buy even more dwellings in the coming year.
Moreover, on average these landlords had to borrow only 57 per cent
of the value of the homes mortgaged, Arla noted.
Spokesman at Arla Malcolm Harrison pointed out that in most cases
investors are in the game for the long term.
Additionally to this, landlords stated that they will be looking to
cling onto their properties for about 17 years extra.
In related news, the National Federation of Enterprise Agencies has
said that small firms operating in the buy-to-let sector are not
being impacted on by the credit crunch.