Category : Residential Lettings
A new survey has suggested that buy-to-let landlords are increasingly looking to the long-term and not planning to sell their portfolios.
The latest quarterly survey by the Association of ResidentialLettings Agents (Arla) revealed that the average time that an investor holds on to their portfolio for is now 17.2 years, compared with 16.7 years in the previous survey.
At the same time, while four in ten are looking to increase their holdings, just 1.3 per cent are intent on selling up.
Commenting on the findings, Arla head of operations Ian Potter stated: "Buy-to-let landlords are confirmed as prudent investors for the long term.
"These investors understand the realities of the investment market they have chosen."
One key to continuing to succeed in buy-to-let is to make sure properties are equipped appropriately for their target market, the Residential Landlords Association (RLA) has said.
Having washing machines and broadband is important for students while professionals should have dishwashers provided, advised RLA director Alan Ward.
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