Three quarters of private residential landlords have indicated that they aim to purchase their next investment property in or around the area that they live in. The research conducted by the National Landlords Association (NLA) revealed that just 1 in 10 planned to purchase an investment within a 100 mile radius and even less were thinking to buy further away.
Carolyn Uphill, Chariman of the NLA added ‘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.’
Where are you considering buying your next property investment? With a wide local network of Sales & Lettings office, Intercounty can help you find your next investment property across Hertfordshire and Essex. Not sure about how to take the next step? Why not drop into one of our local branches for a chat with one of our specialists or call 0844 8111090