Despite UK interest rates creeping up and rental yields tightening in some locations, it seems that a significant numbers of established private landlords are looking to expand their portfolios as they remain committed to buy to let as a long term investment. A recent survey carried out by the upcoming Homebuyer Show (02-04 March, ExCel, London) reveals that 47% of people wishing to purchase a property are looking to expand their portfolio, compared to 40% last year.
Commentators from the Homebuyer Show stress that with UK property prices at record levels, interest rates rising and rental yields falling back, buy to let is certainly not an investment option for those who are hoping to make a ‘quick buck’. However, for investors looking to the longer term, both the capital value of the property and the rental income are likely to go up, making buy to let a balanced investment opportunity.