Buy to Let landlords plan to sit tight through recession
The annual Association of Residential Lettings Agents (ARLA) review, published today, reveals that many buy-to-let mortgage holders are taking a long-term approach to their property investments.
Despite rumours that many landlords are being forced to sell up, the review shows that the annual life expectancy of a residential property investment is on average 16.3 years, and over 20% of investors expect to keep their property for more than 20 years.
Ian Potter, Head of Operations for ARLA, commented: “Again and again, these independent surveys show that Buy-to-Let landlords are helping to guarantee the growth of the private rented sector and these are the people who provide the housing solutions for those hit by the current recession and into the future.”
January 13th, 2009 at 5:36 pm
So most of these guys have seen a recession or two already, and know the territory. Like Ian Potter says, they’ve got a good chance of income from their properties.
January 14th, 2009 at 9:09 am
Does anyone know what happened to house prices in earlier recessions? Wasn’t one caused by property law changing?
January 15th, 2009 at 5:42 pm
Property has to be a long-term investment if you bought recently. It will be a while before the inflated market rises back to useful levels and beyond.
January 19th, 2009 at 9:47 am
I find it hard to believe that too many are being forced to sell - and I understand that plenty are considering buying too, due to the fall in house prices.