Increased landlord confidence is good news for the lettings sector

Applegate Properties are pleased to announce that the letting sector has received an additional boost this month as new research shows landlord confidence has increased significantly in the past year. This news has been well received by the team and the outlook is looking promising for the year ahead.

According to research from the National Landlord’s Association (NLA), the number of rental property owners who feel positive about the UK’s financial markets has tripled over the past 12 months. Some 31 % of landlords said they expect the financial situation in the country to be good or very good in the near future, which is up from just 10% last year. Furthermore, 27 % of respondents said they plan to expand their property portfolios over the next year.

Our team have already started to reap the benefits of this welcomed news with a great surge in rental properties added to our portfolio.

The NLA said “this confidence has partly been driven by the Bank of England’s announcement that interest rates will stay at the current low of 0.5% until late 2015″. Chairman of the organisation Carolyn Uphill stated: “Landlord optimism around the UK’s financial recovery, coupled with the Bank of England’s announcement makes good reading for anyone considering buy-to-let investment.
“This is evidenced by the significant number of landlords who will be looking to add property to their portfolios over the coming months.”

Optimism among rental property owners may also be high due to the fact rents are rising across the country. The latest figures from Move with US show the cost of a rental home was up year on year in nine of the UK’s 11 regions in February.

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Here at Applegate we are the property experts. If you are considering letting a property, we have an experienced team of staff that are able to offer advice on any queries. To get in touch with us please click here.

Source: http://www.rman.co.uk/

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