Despite the effects of the global economic downturn on the housing market in the UK, many buy-to-let landlords remain positive about their investments, according to a new survey.
Findings from a study by the Young Group showed that 98 per cent of investors are looking to maintain their residential property during the next 12 months.
The research revealed that 34 per cent said they would keep their investment for the next decade while a further 20 per cent of respondents are hoping to hold on to their property for the next 15 years.
Neil Young, chief executive officer of the Young Group, said: "Buy-to-let is arguably the world's second oldest profession and is certainly alive and kicking."
He added that with the right advice, returns can still be made and the latest results from the Young Group Index show buy-to-let investors are looking at the long-term.
Meanwhile, the Times reported that the buy-to-let market should benefit from first-time buyers adopting a wait-and-see attitude to purchasing their first home.
News by Adfero for Simply Business - independent providers of landlord insurance, buy-to-let mortgages, public liability insurance & business finance.
