Landlords Confident

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The buy to let market is the most closely looked at and yet the most difficult sector to understand.

There are always plenty of figures to read and this is good if you look at them quarter by quarter and this will show that the number and value of buy to let advances in quarter four of 2007 were down on the figures of quarter three.

The best way to see if this caused by an overall slowdown or if landlords are getting worried is to ask landlords themselves and the Association of Letting Agents has completed a survey. Their findings were that in January nine out of ten landlords surveyed intend to keep their properties for another fifteen plus years and of those 40% intended to purchase more properties during this year.

The buy to let market is still very strong even through the credit crisis but if property prices fall landlords commitments will be tested.

The fact that first time buyers are still unable to afford to get on the property ladder plus the number of immigrants and single people wanting rental property all suggest that this market will remain strong.

It is now considered that brokers in the buy to let market are in the best place for 2008.

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