UK landlords predict house price rise
Landlords in the UK are optimistic about their prospects for the next 12 months, it has been found.
For the first time in more than 2 years, a Paragon Mortgages survey indicated that such investors typically expect the value of their properties to rise.
With the increase predicted to be 0.8% on average, 93% of landlords said they do not intend to sell any homes, while 14% plan to purchase more buy-to-let property.
Managing director of Paragon Mortgages John Heron suggested that a lack of finance may be restricting some from investing, but those who are doing so are taking a long-term approach.
"Landlords have not generally seen falling house prices as the catalyst to sell property and have used weaker prices to add to their portfolios," he remarked. "Property investment is not a short-term game."
It comes after Reita noted that significant growth is being seen in the market.
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