Landlords in it for the long term
Fistrung is reporting:
According to ARLA conflicting reports about the state of the housing market have had no effect on buy to let investors. This is shown by the second quarter’s survey - conducted last month from among the 10,000 subscriber landlords on the ARLA Buy to Let website - published today, 27 June 2006.
Nearly two thirds of all landlords expect to acquire further investment property in the next twelve months and even if house prices fall, nine out of ten will not sell. Instead, the expected lifespan of a buy to let investment is 16.2 years while the average age of investors is 46.
Though as they use their member data it’s perhaps a bit skewed towards the more “professional” landlords rather than those that have jumped on the bandwagon.