Buy to let market improving, says NLA

23 October 2009

Written by Jeni Browne

The buy to let property market is improving, according to National Landlords Association (NLA) policy manager Chris Norris, who was reflecting on recent research from the Association of Residential Letting Agents (Arla).

Arla indicated that there has been an 11 per cent increase in the size of the average landlord's portfolio over the last year - and the NLA representative thinks this is a sign that there are more home loans being made available.

The reported rise in portfolio size from 6.3 to seven homes "demonstrates the resilience and counter-cyclical nature of private-renting that the NLA has long recognised," Mr Norris remarked.

He added that the association's members have been indicating "for some time" that the conditions in the buy to let market are improving.

"Experienced landlords are very keen to make new acquisitions," the expert continued.

Both Arla and the NLA have warned buy to let landlords that, despite these positive developments, it is important to protect rental income by choosing a suitable insurance policy for the various options available on the market.

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