18
Dec
Three-quarters of landlords are in profit
More than three quarters of the UK's buy to let landlords are
making a profit from their property portfolios, it has been
revealed.
According to figures from Alliance & Leicester, 77 per cent of
landlords polled said they were making money from their rental
activities.
Some 22 per cent said they were even able to put aside some of
their rental income as savings.
Meanwhile, Central London was named as the best area for rental
yields, with some respondents reporting yields up to four times
higher than those of houses in the south-east of the country.
The survey also revealed that despite reports of a downturn in the
buy to let sector, seven out of ten landlords are optimistic about
their investment for 2008.
Mr Claridge commented: "Our research shows that landlords believe
London will produce the highest rental yields in 2008 and remain
very popular as investment areas, but it is the north of England
and Scotland that are expected to expand most rapidly over the next
year in terms of projected net growth."
