9 Apr

Landlords 'optimistic about buy-to-let sector'

Landlords 'optimistic about buy-to-let sector'

People with buy-to-let properties are optimistic about their prospects, it has been revealed.

New figures produced by Upad suggest that more than six in ten of such people feel happier about their outlook this month than was the case in March.

Its latest Rental Confidence Index showed that 61 per cent of landlords believe the market is looking up.

Sentiment was said to be have been buoyed by the fact that any new supply of rental properties will stay low until mortgage finance is more readily available.

Responding to the figures, Upad's founder and chief executive officer James Davis said: "These results show that for landlords who are prepared to treat buy-to-let professionally as a business, the market remains buoyant."

The property market as a whole may have been boosted by the Bank of England Monetary Policy Committee's decision yesterday (April 8th) to keep interest rates at 0.5 per cent.

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