20
Oct
Buy-to-let still strong, says property group
The buy-to-let property market is still alive and well despite
recent headlines, it has been stated.
A survey by Young Group has found that 98 per cent of investors are
intending to hold onto their property investments for at least the
next 12 months, a figure that has risen from the 91 per cent
recorded in the second quarter.
In addition to this, 34 per cent plan to hang on to their
portfolios for a decade and 20 per cent are looking to retain their
holdings for 15 years or more.
Chief executive of the firm Neil Young commented: "Buy-to-let is
arguably the world's second oldest profession and is certainly
alive and kicking. With the correct advice and an analytical,
long-term approach, good returns are there to be made."
Those looking to buy property can look forward to greater mortgage
availability soon, it has been suggested.
Nicholas Leeming, the director of property portal
Propertyfinder.com, said the recent action taken by the government
to boost the mortgage market will lead to more confidence and
increased lending.
