Landlords confident about 2008

Buy-to-let property investors are upbeat about the year ahead, according to new research from Alliance & Leicester.

The study reveals that 71 per cent of landlords see their overall prospects as being good or very good.

In addition, 77 per cent told the firm that they are making a profit out of their properties, with 22 per cent saying that they put some of the profit towards their savings.

"It is encouraging that buy-to-let landlords indicate they are feeling buoyant about the outlook for 2008," said Jeremy Claridge, head of specialist mortgages at Alliance & Leicester.

"Regardless of a tough financial year, it is clear the buy-to-let property market is still healthy for longstanding landlords, especially for those in the south-east of the country.

"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," he added.

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