By Lea Pachta
The National Landlords Association (NLA), the leading representative body for private-residential landlords across the UK, has commented on today’s publication of the LSL Property Services Buy-to-Let Index.
Chris Norris, Policy Manager, NLA, said:
“A 7.6 per cent annual return on investments is going to make many landlords smile as we go into 2010.
“Although rental yields may have dipped slightly during 2009, according to LSL, rent arrears were lower than the previous year and property prices are gradually climbing.
“Whichever set of figures are investigated, it’s now clear that the private-rented sector is recovering well from a period of instability. What we need to see is the opening up of credit so that those landlords wishing to expand portfolios are able to do so.”