Landlords fine tune property portfolios
RESEARCH from the Association of Residential Letting Agents (ARLA), shows the number of landlords selling properties increased from six per cent to eight per cent in the fourth quarter of 2011.
The number of landlords saying they had bought properties also rose, from 23 per cent to 25 per cent over the same period.
These figures suggest that landlords focused on reshaping their property portfolios in 2011. Landlords in the North West of England were particularly active, with 31 per cent of respondents buying at least one property and 11 per cent buying at least two.
Landlords have been steadily decreasing the percentage they are borrowing on each property. The current average loan-to-value is 46 per cent.