It is good to see that UK landlords are taking an increasingly pragmatic view of things as the recession continues.
ARLA (Association of Residential Letting Agents) reports that most landlords expect to hold on to their investment properties for the next twenty years and they are not being scared out of their position by dropping house prices. If anything the opposite.
Their report shows that the proportion of landlords who do not expect to sell anytime in the next 12 months has risen from 77% to 88%
ARLA credits these residential landlords for maintaining core growth in the private rented sector and also for providing the housing that is so desperately needed in these difficult times.
Ian Potter, Head of Operations for ARLA, said: “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 in to the future.
It is interesting to note that in the same report ARLA stated that the number of landlords who reported that immigration was a factor in the rental market has dropped. Most landlords now believe that European Union immigration has little or no effect on the domestic rental market.
