Property investor confidence continues to remain high.
Property investors appear to be maintaining confidence in the UK real estate market, according to a recent survey undertaken by Shawbrook Bank, who are one of the leading “challenger” banks in the marketplace, providing bridging, development finance and buy to let funding, along with a range of normal banking services.
A new survey undertaken by Shawbrook Bank, which focuses on the outlook for 2017 from property professionals and the expectations they have for their own investments, found that 81% of landlords feel confident that their property portfolios will perform well this year.
Many property investors are feeling broadly confident about the prospects for the property market, thanks in part to improvements in the lending environment, Shawbrook said.
Helping to boost this optimistic outlook, investors revealed that tenant demand remains strong with nearly one out of three (30%) landlords seeing an increase in renters when comparing the first half of 2016 to the second. As well as this, half of all buy-to-let landlords have also seen increasing rental income over the last year.
This feeling of confidence extends to property professionals looking to invest in the buy-to-let market, with 66% of respondents stating that they plan to acquire an additional buy-to-let property during the first half of this year, in spite of various tax changes and potential political upheaval following the Brexit decision.
Karen Bennett, managing director of commercial mortgages at Shawbrook Bank, said: “Despite uncertainty surrounding Brexit, landlords are still optimistic about the performance of their portfolios. With Brexit negotiations officially underway, as well as recent changes to housing policy, it is encouraging that the market doesn’t seem to be slowing.
“Following last year’s tax changes it’s clear that investors are still getting a feel for how the changes will affect them.
Matt Lenzie of Hertfordshire Business Funding says: “it is an interesting time from an economic perspective with some focus on the recent tax changes and how these are going to impact. In the short term there won’t be a huge amount of impact, as these will only start to bite when investors start to file their personal tax returns. It is very important that private investors and buy-to-let landlords do start to consider this today, as otherwise they could have some lean years ahead.
A number of the leading lenders in the market are taking less aggressive positions in the facilities which they are providing, with a shortage of funding above the £1m per unit mark, as there is some concern that stamp duty costs will reduce the momentum in this area.
Critical for all developers and buy-to-let landlords is buying well, and we firmly believe that there is and will continue to be some value to be achieved if you look hard enough.”
from Hertfordshire Business Funding https://www.hertfordshirebusinessfunding.com/property-investor-confidence-continues/
via https://www.hertfordshirebusinessfunding.com
http://hertfordshirebusinessfunding.blogspot.com/2017/04/property-investor-confidence-continues.html
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