Buy-to-let investors across the UK are optimistic about the prospects for the sector during the rest of 2018 and beyond.
A new study has found 65 per cent of landlords are confident their property portfolio will perform well this year while only 14 per cent are concerned. Among the factors contributing to this wave of positivity are high tenant demand and strong rental yields.
The research by Shawbrook Bank found 21 per cent of landlords benefited from a rise in tenant demand in the last 12 months.
Allison Thompson, lettings managing director at property specialist Leaders, says: “There are many reasons for landlords to be optimistic and for prospective investors to buy to let with confidence. The rental market is performing well, rents are increasing and there is a great opportunity to make a good return on an investment.
“Statistics show buying to let has proven to be one of the most rewarding investment options in recent times and we see no reason for this to change in the coming years.
“However, while landlords are rightly optimistic, they are also realistic. There will be challenges ahead - such as Brexit and changing tax regulations - although such factors are clearly not affecting investor confidence right now, with 39 per cent of landlords planning to invest in another buy-to-let property in 2018.
“The rewards of buying to let remain as great as ever, but the obligations faced by landlords are increasing. In order to navigate this complex market and enjoy the benefits while meeting your legal duties, we advise working with a reputable letting agent that has experience and expertise in helping investors realise their ambitions.”
For more information or advice on buying to let in your area contact your local Leaders branch.