Landlord confidence remains intact

Buy-to-let property investors remain confident about the state of the UK housing market, despite recent turmoil.

Assetz has published its Property Census, revealing that almost three quarters of UK landlords are confident of seeing strong returns on their investments.

Further to this, only six per cent of landlords intend to sell any of their properties, while 58 per cent want to increase their portfolios.

This optimism is shared by first time buyers (FTBs), with 43 per cent of those questioned saying that they will still enter the property market even if prices soar.

In addition, 37 per cent of FTBs are confident that house prices will continue to rise.

"Despite cooling prices, the Rightmove Property Census has found that the UK's passion for property is cemented, with investors and buyers taking a healthy long-term view," said Miles Shipside, commercial director at Rightmove.

"They see bricks and mortar as a valuable and reliable asset and there is an underlying healthy demand for property which highlights there is still a positive sentiment amongst the public in spite of the credit crunch," he added.

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