Property investors have growing optimism in the market, as three in five (59.2%) plan to expand their portfolios within the next year, Property Hub research has found.
Meanwhile nearly two thirds (65.6%) predict price increases in their main investment areas.
Rob Bence, chief executive of PropertyHub, said: “These findings underscore the importance of long-term thinking in property investment.
“We caution against being spooked by whatever’s currently in the news, and most investors seem to be of that mindset.
“Investors will be watching the progress of the new Renters’ Rights Bill with interest, but it won’t affect the underlying factors that make property such an attractive long-term investment.”
Investors seem undeterred by Labour’s victory, as half (51.1%) reckon the new government will be neutral for the market.
There’s most confidence in the East of England and Wales, while investors are particularly cautious in London and the West Midlands.
The research comes from Property Hub’s ‘Investor Confidence Report’.