According to the latest figures from the asset manager Young Group, the buy to let investors are returning to the market. The Young Index for Q1 2009 said that increasing numbers of residential property investors are looking to purchase new UK properties in the next 12 months.
This represents a 33% increase over the last quarter. Most are looking to buy in London, with at least 40% seeing the capital as the best place to invest in new residential assets.
Approximately 50% of those surveyed said they believed that London prices will be either at the same level or higher by this time next year.
Most interestingly they expect to hold each investment asset for the next 11 years. The index surveys 500 investors across the UK.
Are you surprised that buy to let investors intend to hold onto properties for such a long time?