Buy to let seen as long term investment.

05/02/2008 by Dave.

The majority of UK buy to let investors see their properties as long-term investments.

That is according to Property Hawk, which said that recent market turmoil has led many landlords to adopt a different approach to their properties.

With the costs associated with buying and selling a property increasing in recent months, the website believes that landlords have been forced to reassess their plans.

It means that more people now intend to hold onto their investments so that they can sell up in more favourable conditions.

“Most landlords, because of the costs of buying and selling now, particularly with stamp duty rates going up, see residential investment as a long-term hold,” commented Chris Horne, editor of Property Hawk.

“A lot of landlords buy buy to let properties for their pensions, so it’s a much more long-term investment.

“Property is one of those things where there are always opportunities. The standard adage is that landlords make their profits when they buy and not when they sell,” he added.

It was recently revealed by the Association of Residential Lettings Agents that 90 per cent of UK landlords do not intend to sell any of their properties in 2008.

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