The latest Young Index report of Private Rented Sector (PRS) sentiment shows that 19.1% of landlords added additional residential property assets to their portfolios during 2011.
The activity was driven by strong positive expectations for both capital growth and income returns for the year ahead.
London clearly leads the way with 85.1% of respondents expecting rents in the capital to continue to rise throughout 2012 and a full 100% of landlords predict that property values in London will be current levels or higher by the end of the year.
Interest rates are widely expected to remain low. 58.3% of landlords expect the Bank of England base rate to remain static throughout 2012. Of those who do see a rise on the horizon, their average prediction for Q4 2012 is less than half a percentag point higher than the current all time low of 0.5% at 0.78%.
Undoubtedly, current low costs of finance represent a short term fillip but landlords clearly see the Private Rented Sector as a long term investment class. Data from Young Index Q4 2011 show that 36.9% of landlords intend to hold their property until 2031. The average future hold period across all respondents was 15.4 years.
David Barbour, managing director of Martin & Co Whitley Bay commented, "Without a doubt, the appetite from private investors in the PRS for additional investments is extremely strong. The London rental market is particularly strong and demand from tenants seeking quality PRS accomodation shows no sign of abating, buoyed by a population that is spending longer than ever living in rented homes and increasingly living in solo households.
Martin & Co Whitley Bay are a leading letting agent who manage investment properties for hundreds of landlords. If you are a current or prospective landlord with a property to let in Whitley Bay call us today on 0191 253 5666 to see how we can help you.
For more information on lettings in Newcastle upon Tyne visit Martin & Co Newcastle upon Tyne.
For more information on lettings in Cramlington visit Martin & Co Cramlington.
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New Investment Opportunites with Bellway
It's not often that I feel able to give advice to landlords about potential opportunities to increase their portfolios, but I have recently found a development with apartments, all with master bedrooms and en-suites and also family homes, at Earsdon View by Bellway which meets all the requirements for portfolio development.
New Build (master bedroom suite) Excellent public transport links, near Northumberland Park metro Adjacent to A19 with the new Tyne Tunnel Link Local shops near by Allocated Parking All apartments come with carpets and appliances for investment landlordsBellway's new development in Shiremoor, Earsdon View, is part of ongoing and exciting plans for the area that are bringing new homes, improved road and rail links as well as expanded leisure facilities to a location as ideally placed for city life as it is for the coast, which will help to generate interest from applicants and secure a quality tenant.
A wide choice of new homes is available at Earsdon View - including spacious famliy houses and stylish apartments - all combining traditional looks with layouts that are perfectly designed for modern lifestyles.
When it comes to buying your new investment property it is reassuring to know you are buying in one of the best and most popular areas Newcastle has to offer from one of the most successful companies in the region.
If you are looking to expand your profile why not give the sales office a call on 0191 253 2070 and talk to Dee or Jan. At the same time we will gladly provide you with a rental expectation on the properties to help you decide that this is the investment for you. For more information on the development click here.
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