Landlords expect growth in property portfolios
by Sarah Ashcroft
Optimism is starting to be restored among many landlords, as almost a quarter believe they will expand their property portfolios
at some point next year.
Paragon research shows that 30 per cent of professional landlords are positive about the future, compared with 15 per cent of those operating on a smaller scale.
Figures also show that some landlords may have issued tenants with a rent increase
notice, as 29 per cent revealed they had raised their income during the second quarter of the year.
Nigel Terrington, Paragon Group chief executive, commented: "Our report emphasises the fact that there is significantly more optimism amongst landlords in the private-rented sector and the buy to let market, and that looks likely to increase during the coming quarters."
Additional statistics show that more than half of landlords seeking to expand their property portfolios
are hoping to invest in terraced housing for their next purchase.
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Published on: August 10, 2011
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