Over half (58 percent) of the UKs landlords are feeling more confident about the buy-to-let market in December 2009, than they did last month, according to the latest poll from Upad.co.uk.
Comments made by those respondents feeling more confident included: The market at the lower end is buoyant, but the high end is very slow to let. Where I am (the North West), the rental market seems to be holding up fine.
For the 42 percent who are feeling less confident, statements included: This recession began in Autumn 2007, and it isnt going to end next year I am less confident purely because I have two empty premises on my hands at the moment. There is too much red tape being invented to protect tenants and no protection for landlords.
Commenting on Upads Rental Confidence Index findings, James Davis, company founder and CEO, said: Its positive to see that landlords are for the main part feeling more confident about the buy-to-let market.
2009 was a challenging year for the private rental sector mortgages became scarce, and the shortfalls of amateur landlords were exposed.
This is our first Rental Confidence Index, and we intend to run them on a monthly basis polling more than 10,000 landlords. Through them, we can gauge an overview of market optimism. And, I firmly believe that confidence levels will continue to increase throughout 2010.
Upad.co.uk launched in October 2008, enabling landlords to advertise each property for a one-off cost of 59. The service then became available to the 1.5 million landlords across the UK in May 2009.
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