3 Feb

Investors increasing portfolios, survey shows

Investors increasing portfolios, survey shows

Buy-to-let investors have been found to be taking advantage of opportunities to increase their portfolios.

Paragon Mortgages revealed that the average number of properties held by a landlord rose to 13.2 in the final quarter of 2008, compared to 12.1 in the previous three-month period.

And managing director John Heron remarked: "There are opportunities for residential property investors with cash to spend to expand their portfolios in the current market and maybe we are starting to see evidence of this."

The firm's Private Rented Sector Trends report also found that demand has been increasing in many cases, with over a third reporting a recent rise in interest from tenants.

Landlords expect this to continue over the coming year, as 40 per cent have predicted further growth and a similar proportion expect it to stabilise.

Buy-to-let investors may find that interest payments fall this week, as 11 of the 12 experts surveyed by Adfero expect the base rate to be cut by the Bank of England.
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