3
Feb
Investors increasing portfolios, survey shows
Buy-to-let investors have been found to be taking advantage of
opportunities to increase their portfolios.
Paragon Mortgages revealed that the average number of properties
held by a landlord rose to 13.2 in the final quarter of 2008,
compared to 12.1 in the previous three-month period.
And managing director John Heron remarked: "There are opportunities
for residential property investors with cash to spend to expand
their portfolios in the current market and maybe we are starting to
see evidence of this."
The firm's Private Rented Sector Trends report also found that
demand has been increasing in many cases, with over a third
reporting a recent rise in interest from tenants.
Landlords expect this to continue over the coming year, as 40 per
cent have predicted further growth and a similar proportion expect
it to stabilise.
Buy-to-let investors may find that interest payments fall this
week, as 11 of the 12 experts surveyed by Adfero expect the base
rate to be cut by the Bank of England.
