3 Sep

Buy-to-let confidence 'drops'

Buy-to-let confidence 'drops'

Landlords with buy-to-let properties have reported that they are less confidence about the future of the market.

This is according to findings from the National Landlords Association (NLA), which revealed that 54 per cent of landlords predicted that their prospects for the next quarter will be good.

At the end of the first quarter of 2010, 57 per cent of landlords had a positive view of the buy-to-let market.

Policy manager at the NLA Chris Norris said: "Despite gains over the past two years, landlord optimism has dropped from the first quarter of 2010 as landlords consider tax changes announced in the emergency budget and they hear talk of a double-dip recession."

He added that in spite of this strong rental demand has continued to encourage some landlords that the market has a prosperous few months ahead.

Property industry expert Malcolm Harrison agreed, saying that the rental industry will continue to grow over the next five to ten years.

He said that "everything points to" demand from tenants continuing to rise.ADNFCR-1222-ID-800052012-ADNFCR

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