16th
Jun 2014
Another new piece of research shows that 75% of landlords purchasing buy-to-let properties, want them near where they live or within the surrounding area.
The association that held the research said the report highlighted that three quarters of landlords specifically want their next acquired property to let will be near to their home, whilst only 10% stated that they would purchase within a 100 mile boundary.
Those landlords that are prepared to buy at distance accounted for just 9%.
Any new money ploughed into local area housing is obviously a positive, however there are concerns that continued introduction of licensing schemes across the country may be detrimental to encouraging landlords into those local areas.
Carolyn Uphill, Chairman of the association said: ‘Local investment in housing is essential if towns and cities across the UK want to attract people and business to the area.
"The private rented sector (PRS) is growing at a steady rate but we still need further investment in housing if tenant demand across the UK is to be met.
"These findings are positive news and show that landlords can provide a vital lifeline for local councils who struggle with the ever growing demand for housing in their area.
‘It means that councils considering introducing licensing schemes should take these findings on board as otherwise they will alienate a significant proportion of landlords and in doing so deter much needed investment.’
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