Landlords predict increase in values
Buy-to-let property owners in the UK expect their value of their portfolios to rise in the coming year, it has been found.
Research by Paragon Mortgages revealed that the average number of homes owned has increased from 11 at the beginning of 2007 to 12 in the third quarter of this year.
And prospects could be set to improve as a third expect tenant demand to increase and 57 per cent think it will remain stable, the firm found.
Chief executive Nigel Terrington observed that many people are choosing to rent rather than buy, a fact that could benefit buy-to-let property investors hoping returns will rise.
"Landlords expect the net value of their property portfolios to increase over the next 12 months, the first positive prediction for more than two years," he remarked.
Earlier this week, Jane Marr of the Little House Company suggested a "real recovery" of the UK housing market will be seen next year.
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