One in four landlords to grow property portolio
9th Nov 2007
Almost a quarter of landlords are planning to buy more properties over the coming five years.
Figures from the National Landlords Association (NLA) show that 23.4 per cent are looking to grow their portfolios in that time, although 60 per cent believe their portfolios will remain the same size.
NLA chairman David Salusbury said: "The fall-out from the so-called credit crunch has dominated public attention in recent weeks, but in times of financial uncertainty people continue to need a roof over their heads.
"That landlords are committed to invest further in the private rented sector over the next five years demonstrates that they remain confident about their businesses over the medium term."
However, he warned that buy-to-let property was "not a means of getting rich quick", adding that it was not clear whether house prices would go up or down over the next year.
Supply constraints continue to buoy the average house price, which is at a historically high level.
© Zoopla Property Group Limited