2011 begins with a boost for the buy-to-let industry, as an increasing number of residential landlords say that they are confident in the marketplace.
Findings from the January Upad Landlord Confidence Index show that 63% of residential landlords are more confident than last month, up from 60% in December.
337 landlords responded to the question “Are you more confident or less confident about the buy-to-let market than you were last month?”
Of those who said that they felt more confident, most cited increased tenant demand for properties as the reason. Comments included:
• “Rents are edging up even in South Wales. There’s demand from young women in particular for well presented properties that are competitively priced. “
• “Within the last month I have raised rents by 10% across my whole portfolio. Whether this is a true reflection of the rental market or whether rents have been artificially inflated due to lack of first time buyer activity, remains to be seen.”
• “There seems to be a great demand for good quality rental properties. Wish we had more!”
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