Almost a quarter of landlords are planning to expand their property portfolios, despite recent fears the buy-to-let market might suffer as a result of the credit crunch, according to the National Landlords Association (NLA).
The NLA says demand pressures will continue to make buy-to-let an attractive investment prospect and says renting has now become a popular lifestyle choice for those who want flexibility. An NLA survey found 23.4% of landlords plan to expand their property portfolio in the next five years, while almost 60% believe their portfolio will remain unchanged over the same period. Around 18% say they are likely to reduce their portfolios within five years and 2.4% said they were planning to sell all their properties and exit the sector entirely. David Salusbury, chairman of the NLA, comments:...
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