3
Sep
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.