Landlord Confidence in the Buy to Let Market Continues to Grow

04 June 2012 Categories: News

Landlord Confidence in the Buy to Let Market Continues to Grow

The online lettings portal, Upad, recently conducted a private rental sector health check that included asking 498 landlords about their thoughts on the buy to let industry for the coming months. The survey, conducted at the end of April, revealed that 72% of the landlords questioned were more positive about their buy to let prospects in April than they were earlier in the year.

The reasons behind the increased positivity do seem to vary with continued tenant demand being top of the list. Once landlord stated on his questionnaire “Upon asking tenants how they’re finding things, the general response I receive is that they must make a quick decision or they will lose out on a property. They no longer have the luxury of viewing a number of different properties so ensuring my properties are well presented the first time round is very important.”

James Davis, CEO of Upad commented on the results of the survey, saying “We aren’t surprised that landlords are more confident. A recent report from RICS has revealed that rents increased further in the three months to April, as tenant demand continues to outstrip supply. With rents remaining on an upward course landlords are confident that they can grab a piece of the action.”