Buy to let investors remain confident for their prospects, a study has found.
The Young Group stated that reports of the sector dwindling are unfounded, as 98 per cent of investors plan to retain their portfolio for the next 12 months.
And with a third planning to hold their assets for ten years or more, the firm pointed to the long-term nature of such an investment.
Chief executive officer Neil Young explained that those choosing buy-to-let are not significantly affected by short-term market changes.
"As long as investors approach property investment with the same analytical and practical mindset as they would any other asset class, there are good long-term gains to be made," he said.
Investors with tracker mortgages recently received a boost, as the Bank of England's monetary policy committee voted to reduce the base rate by 0.5 per cent to 4.5 per cent.
Published on: October 22, 2008