Those surveyed gave diverse reasons for their optimistic outlook, including “high demand, high yields, and continued investment opportunities.”
As experts reported, these sentiments echo the UK property market’s current characteristics. The UK rental market has been experiencing unprecedented demand in recent years as more people turn to renting rather than buying, making for good conditions for buy-to-let investing.
According to Fleet Mortgages, average rental yields in England and Wales had an annual rise of 0.3%, bringing the overall average yield to 6.9%. This is a decent yield spurred on by rapidly rising rents and the availability of affordable property for those willing to search for a good deal. These figures back up landlord optimism when it comes to UK rental yields. In particular, buy-to-let flats are becoming increasingly popular due to the lower initial investment costs needed compared to a house.
Mortgage Solutions also reported that some of those surveyed put their optimism down to the fact that they are investing long-term and are not phased by the short-term fluctuations the market will inevitably experience. In fact, the buy-to-let market has remained resilient throughout various crises and governmental shake-ups.
Read More: Calculate stamp duty for an investment property with our calculator, or learn ‘What is serviced accommodation?’ with some of our latest guides!