UK landlord confidence remains positive, according to a recent survey by online lettings agency Upad.
It said that the outcome is unsurprising as the Royal Institution of Chartered Surveyors has identified that UK house prices will continue to fall, not forecasted to rise before the end of the year.
So, Upad said that, with buy to let investors able to snap up cheaper property coupled with strong demand for rented accommodation, it’s hardly surprising landlord confidence in the UK buy-to-let market remains positive.
According to Upad, 69 per cent of landlords said that they were more confident in September 2012. This represents a slight increase on figures seen back in August.
Chief executive James Davis said: “Falling house prices, attractive mortgage deals, increased demand for rental property in the UK and higher yields has created the perfect environment for UK landlords to thrive.
“I’m not surprised that over half of landlords surveyed believe now is a good time to invest in property according to a report by Your Move’s parent company, LSL Property Services. Our data further backs up the confident attitude landlords have in the market.”
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