Landlords poised to invest in more buy-to-let properties despite Brexit uncertainty
46% of landlords still see buy-to-let as a sound investment, according to figures released by the Bank of Ireland’s UK Buy-to-Let Market Index.
The index also states that 52% of homeowners would invest in the buy-to-let market if they could afford to do so.
The buy-to-let market is showing signs of resilience following the UK’s vote to leave the EU in June this year. Over half of landlords are confident that Brexit and the general economic uncertainty surrounding Britain’s withdrawal from the EU will not negatively impact their buy-to-let investments.
Despite tax changes affecting the sector which were implemented by previous Chancellor George Osborne, landlords remain confident that the buy-to-let market makes for a worthwhile investment. At a time when borrowing costs are low, landlords feel they can still benefit from making such an investment.
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