Landlords looking to invest in more property, says ARLA

The latest market data from the Association of Residential Lettings Agents has revealed an upward trend in landlord investment.
 
The average number of buy-to-let properties owned by landlords peaked at eight in the final quarter of 2012, up from seven at the beginning of the year.

The apparent rise in confidence in the market also prompted increased landlord activity, with 29% stating they have bought a property in the past year compared to 25% a year ago.
 
The rise in landlord confidence is also reflected in the jump in value of buy-to-let mortgages, with an 8% increase in the final quarter of 2012 totalling £4.2bn, according to the Council of Mortgage Lenders.

Ian Potter, managing director of ARLA, said: “The latest data suggests that landlords are carefully but concertedly increasing their portfolios.”

Article courtesy of Landlord Today
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