24 Sep

Landlords 'increasingly positive about property prices'

Landlords 'increasingly positive about property prices'

One London estate agent has reported that landlords are becoming more and more optimistic about the state of the UK property market.

The Young Group's Young Index has revealed the increasingly positive sentiment currently abundant among buy-to-let landlords, with the majority believing that property prices will stabilise and rise over the next 12 months.

Chief executive Neil Young said that from a practical point of view, it appears that landlords are fully aware of the current difficulties in securing buy-to-let mortgage funding to acquire additional rental property.

The proportion of those who expect to add to their property portfolios is levelling off, he continued.

"Landlords with the right property in the right location who are realistic about their rental expectations are benefiting from the current market conditions, seeing positive cashflow as a result of low interest rates," stated Mr Young.

This news comes after Property Hawk described the recent increase in rental prices as good news for landlords.

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