Landlords may be responsible for a surge in property purchases, following an announcement that one in ten landlords plans to invest in the first quarter of this year.

Property portfolios will be expanded by ten per cent of landlords in this quarter, Paragon Mortgages' Trends research discovered.

Landlords prefer terraced housing, with almost two-thirds stating that this was the type of property they were looking for.

Some 25 per cent revealed they were looking for semi-detached houses and 20 per cent said they would purchase flats.

Tenants from various areas of the market are likely to opt for terraced housing, which can result in strong rental yields, it was found.

"It is encouraging that landlords are still active in the market and are looking to expand their portfolios. With tenant demand at such strong levels and soft house prices presenting the opportunity for bargains, it is easy to see why,"said managing director of the firm John Heron.

According to the Daily Mail, terraced housing is more sustainable and green than some buildings because it is densely packed and heat is less likely to escape.

Written by John WeeksADNFCR-2002-ID-19568486-ADNFCR

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