Landlords stepping up purchase aspirations

by Christopher Evans

A growing number of buy-to-let landlords are planning to purchase more property over the next three months, a new survey shows.

According to research by Paragon Mortgages, some 12 per cent of landlords intend to expand their property portfolios in the second quarter of the year.

By contrast, just ten per cent were planning to invest in extra properties during the first three months of 2010.

The growth could be down to increases in tenant demand, with one quarter of those questioned reporting a rise in interest for rented properties during the first quarter.

Nigel Terrington, chief executive of Paragon Group, said: "Landlords know that the long-term forecast for tenant demand is extremely healthy, with socio-economic and demographic changes leading to growth in the number of households calling the private rented sector home."

Meanwhile, a survey by online letting agent has shown that 61 per cent of landlords are feeling more optimistic about the prospects for the buy-to-let market than they were last month.

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Published on: April 22, 2010

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