Buy-to-let optimism increasing

Young people who are currently unable to access the property market will be dependent on the rental sector in the months ahead, an industry expert has said, which may be good news for buy-to-let investors.

According to LSL Property Services, 49 per cent of landlords think now is a good time to invest, with just one per cent planning to reduce their property portfolios in the near future.

Mortgage finance was cited as the biggest barrier to further property investment, with 54 per cent saying it is harder to secure a loan now than it was one year ago, although there were signs that the situation is improving.

Malcolm Harrison, an independent property expert, said market conditions are leading buy-to-let buyers to be more optimistic about their prospects.

"There is no house building, there is a shortage of decent housing in many areas and you can't get a mortgage, so quite a lot of people are going to be very dependent on buy-to-let investors," he added.

Published on: June 8, 2011

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