70% of B2L investors to expand portfolio this year
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The event surveyed UK buy-to-let investors and found that the majority are looking to take advantage of rising rental yields.
Landlords are not unaware however of the struggling economy as 65% of respondents believe the UK is heading for a recession and 70% see house prices falling in 2008.
One quarter of respondents predict the drop is going to be at least 9% and of them only a third believe that the market will recover by this time next year.
Nick Clark, managing director of the Property Investor Show, says: “Although investors hold a less bullish view of house prices and capital growth than this time last year, it is clear that professional investors are still confident in the longer term returns of bricks and mortar and are intending to expand their portfolios this year.
“They have recognised that the demand for rented accommodation is currently the greatest consideration and is boosting rental yields considerably, particularly in London. Landlords can take advantage of the lower prices coupled with rising rents and they are certain to achieve good returns over the long term.”
