Landlords confident in market

Buy-to-let property investors remain confident in the strength of the market, according to a new report.

The Young Group has published research which shows that 93 per cent of investors intend to hold onto their properties for at least 12 more months.

In addition, 82 per cent believe that London property prices will either remain the same or increase in the next 12 months, while 54 per cent intend to increase their London portfolios.

Commenting on the report, Neil Young, chief executive officer of the Young Group, said: "Mark Twain famously said 'Reports of my death have been greatly exaggerated'; the same can be said of the buy-to-let industry.

"Young Index data shows that investor sentiment remains extremely healthy, particularly in the capital.

"Young Index figures show that confidence in the London market outstrips the rest of the UK by more than five times, which is a consequence of the continued undersupply of property in the capital and London's dominant position as the world's leading centre for global business and finance," he added.

The Association of Residential Lettings Agents recently revealed that demand for rented accommodation is at a five-year high.

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