1 Feb

Buy to let sector to stand firm

Buy to let sector to stand firm

The buy to let sector will weather the storm in financial markets because of the long-term outlook of investors.

Statistics from the Association of Residential Letting Agents (Arla) recently indicated that nine out of ten UK landlords do not intend to sell their properties this year.

This can be attributed in part to the fact that buying and selling properties can cost landlords up to ten per cent of their capital, which has encouraged to them to take a more long-term view of their investment, Chris Horne, of property website Propertyawk said.

Mr Horne commented: "I think most landlords, because of the costs of buying and selling now and particularly with stamp duty rates going up, see residential investment as a long-term hold.

"A lot of landlords buy buy-to-let properties for their pensions, so it's a much more long-term investment."

The Arla study also showed that four in ten buy to let landlords intend to add their property portfolio this year.

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