1 in 5 landlords bought additional rental property in 2011
The latest Young Index report of Private Rented Sector (PRS) shows that 19.1% of landlords added additional residential property assets to their portfolios during 2011.
This activity was driven by strong positive expectations for both capital growth and income returns for the year ahead.
Undoubtedly, current low costs of finance represent an incentive but landlords clearly see the PRS as a long term investment option. Data from Young Index Q4 2011 show that 36.9% of landlords intend to hold their property under 2031. The average future hold period across all respondents was 15.4 years.
Without a doubt the appetite from private investors for additional investments is extremely strong.
Headline statistics are:
• 97.8% of all landlords intend to hold their property for the next 12 months
• 58.7% intend to hold their property assets for the next 10 years or more
• 36.9% intend to hold their property assets for the next 20 years or more
• 19.2% of active PRS investors added additional assets to their portfolios during 2011
If you are considering investing in property, or would like to further expand your property portfolio, contact Beresfords dedicated Property Investment Division on 01245 397497 or email email@example.com