Landlords are still showing positivity in the buy to let property market, despite recent negative feeling being reported.
A new poll carried out by property investment consultancy Knight Knox found that 59 per cent of landlords surveyed showed positivity and were confident in renting out property as a source of income.
Only 11 per cent said that they had lost confidence, with 30 per cent being unsure about the buy to let property market.
Half of the landlords surveyed still intend to buy another buy to let rental property within the next five years.
The survey also found that 44 per cent of landlords are relatively new to the buy to let sector, having only been renting out property for five years or less, indicating that the market is still interesting to new entrants.
The survey polled 500 landlords from across the UK, and it was also found that although 83 per cent of landlords had never purchased an off-plan property, around half would consiuder one in the future.
Commercial director at Knight Knox, Andy Phillips, commented: ‘The results of our survey would suggest that, despite ostensibly damaging changes to the market over the last few years, landlords remain positive about the returns this asset class can generate. Bricks and mortar is likely to remain one of the most stable investment options and has so far weathered the changes brought in by new legislation.
‘Close to six million properties in the UK are now in the private rented sector, with this expected to rise to 7.2 million by 2025, which is the equivalent of a quarter of all homes. With this sort of opportunity, and with property prices continuing to rise, investors could potentially benefit from both regular rental income over the years and capital appreciation when the time comes to sell.’