Research by GfK NOP involving more than 3,600 landlords on behalf of Bradford & Bingley's Mortgage Express suggests confidence remains high for next year.
More than half, 55%, plan to acquire another property. Just 3% plan to divest their bricks and mortar.
Mortgage Express says the findings suggest BTL is still a growth story – as long as the price is right.
Other findings in GfK NOP’s research are about two thirds, 66%, see property price as a key factor in any acquisition deal, with 35% believing the condition of the property is key, and the same percentage again referring to the adage ‘location, location, location’.
Interestingly, proximity to employers or colleges/universities come well down the list of key factors in decisions on whether to acquire additional property or not.
Nearly seven in 10, or 69%, of those surveyed for the research own five or fewer properties. Just 8% said they were full-time professional landlords.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Jonathan Boyd on 020 7484 9769 or email [email protected].IFAonline
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme