9 Nov

Buy to let owners still confident in property market, report says

Buy to let owners still confident in property market, report says

Buy to let owners have been found to still be confident in the property market, according to a recent report.

Upad released findings today (November 9th 2010), which revealed that 54 per cent of landlords are more confident in the rental sector this month, compared with the last.

However, this also reveals a slight drop in confidence compared with October 2010 when 57 per cent said they were more positive about the industry, in comparison to September.

Upad's chief executive James Davis said: "While tenant demand is up and falling property prices ought to offer opportunity for investment, the wider economic climate means that many landlords feel they are on a knife edge."

He added that more support should be given to buy to let owners so that they can help those who cannot get on the property ladder themselves find accommodation.

Findings released last month by ludlowthompson.com suggested that landlords should feel positive about the market, as it revealed that 25 per cent of buy to let properties are being let through sealed bids, due to a rise in demand from tenants.ADNFCR-1222-ID-800225779-ADNFCR

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