Saturday 14 June 2008

Rental sector "alive and kicking"

The buy to let sector is "alive and kicking", with many investors planning to keep hold of their rental properties for the long-term, it has been suggested.

Figures from property portfolio management firm Young Group show that 98 per cent of investors intend to hold their assets for a minimum of ten years.

Furthermore, 20 per cent are planning to keep their properties for the next 15 years and beyond.

Those on tracker buy to let mortgages will have been buoyed by the recent Bank of England interest rate cut and yields are expected to rise as a result, the company stated.

Chief executive officer 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."

Recently Liam Bailey from Knight Frank said that he expects more investors to enter the buy to let market in the coming year.