20 Oct

Buy-to-let still strong, says property group

Buy-to-let still strong, says property group

The buy-to-let property market is still alive and well despite recent headlines, it has been stated.

A survey by Young Group has found that 98 per cent of investors are intending to hold onto their property investments for at least the next 12 months, a figure that has risen from the 91 per cent recorded in the second quarter.

In addition to this, 34 per cent plan to hang on to their portfolios for a decade and 20 per cent are looking to retain their holdings for 15 years or more.

Chief executive of the firm Neil Young commented: "Buy-to-let is arguably the world's second oldest profession and is certainly alive and kicking. With the correct advice and an analytical, long-term approach, good returns are there to be made."

Those looking to buy property can look forward to greater mortgage availability soon, it has been suggested.

Nicholas Leeming, the director of property portal Propertyfinder.com, said the recent action taken by the government to boost the mortgage market will lead to more confidence and increased lending.

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