Investors eye more buy to let properties
Thursday, 22 September 2011 2:58 PM
Three out of four UK buy-to-let investors are considering buying more properties in the
next year, according to a new survey by Assetz.
The investment company surveyed 3,500 investors on its database and found that 76.8
per cent were considering buying additional properties.
Strong rental demand was the main incentive for expansion, followed by high and rising
rental values and a belief that prices are at or near the bottom.
And only 10 per cent of them believe that now is a bad time to invest, citing the state of
the economy as the main reason.
Half of the investors said that long-term capital gain was their top priority, followed by
44 per cent who said rental income.
Almost half said they were achieving gross yields of more than 5.5 per cent and a fifth
claimed yields of 9 per cent or higher.
Stuart Law, chief executive of Assetz, said: "The buy to let market is booming with
landlords returning in considerable numbers, encouraged by the excellent rental returns
currently available as well as the prospect of long term capital growth if property prices
continue to strengthen. UK residential property in the right locations is increasingly
viewed as a safe haven.”
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