Landlords looking for a buy-to-let property should not be put off by the ongoing economic crisis, according to a new report.
The buy-to-let market is not dead and landlords are not facing a crisis, says the study by the National Landlords Association (NLA).
Reasons to be upbeat about the market include the growing student population, which now numbers 2.5 million and the minimal increase in social housing, which means more people looking for private rental accommodation.
Simon Gordon, NLA's head of communications, said: "It is simply not true that the nation's landlords are facing some sort of crisis."
Investors who have bought the right property in the right location could continue to expect high demand and an increase in rental agreements, he added.
Tenants and landlords need to pay more attention to tenancy agreements after a recent study by LV found that almost half of tenants had never heard of the tenancy deposit protection scheme, which is designed to aid them in the event of a dispute with their landlord.
Published on: October 2, 2008