A major survey has given a vote of confidence to buy to let despite the wave of fiscal, political...
A major survey has given a vote of confidence to buy to let despite the wave of fiscal, political and economic challenges facing the sector.
The latest Bank of Ireland buy to let market index reveals that 46 per cent of landlords with two or more properties expect to buy additional properties in the next two years.
And 52 per cent of owner occupiers say they would like to become landlords at some point in their lives.
Some 54 per cent of those questioned by the bank say that Brexit will make no difference to their investment intentions, nor to the likely strength of the buy to let investment market. Indeed, some 19 per cent say Brexit may help the rental market indirectly, by making the sales market more volatile.
When it comes to rent increases, 55 per cent of those investors questioned admit they will have to raise their rent in the near future.
“Despite a number of events which were expected to have a negative impact on the sector, homeowners and landlords continue to see buy-to-let as a solid long-term investment. It’s really encouraging to see such confidence in the market" explains Mark Howell, director of marketing and customer management at Bank of Ireland UK Mortgages.