PFL in the News
13th December 2007
Property for Life survey shows strong interest in B2L
Property for Life reports that almost 70% of investors feel that now is a good time to purchase property.
Similarly, the Association of Rental and Letting Agents Q3 Review and Index reported that more than half of all buy-to-let investors are expecting to expand their portfolios in the next 12 months.
Property for life says experienced landlords have the protection of a strong portfolio behind them. Seasoned investors will have acquired equity which will enable them to ride out any difficult times.
The company also says the good credit rating of both groups also makes them attractive to lenders allowing them to capitalise on competitive deals from developers.
David Austin, managing director of Property for Life, says: Investors who are serious about long-term investment and who already have a number of properties behind them can really benefit from the current climate.
Property for Life says that the latest interest rate cut and rates being historically low, expected to fall further next year are consistent with survey results that indicate almost 70% of investors still have a desire to buy.
Austin adds: One of the best options for investors is diversification. Seasoned investors should diversify on area, type of property and tenant thus widening their portfolio and protecting against risk. Experienced landlords keep the long term picture in mind, wisely investing in areas where rental yields are greater and with fewer void periods. The combination of diversification and research is the key to a strong portfolio.
