News from Manor Lettings
21 March 2010: Are better times ahead for landlords?
There are increasing signs that we might have seen the bottom of the lettings market downturn. The latest RICS survey shows that the number of rental properties coming onto the market has fallen for the second quarter in a row. This has led to a gradual increase in rents across the country.
The number of accidental landlords is decreasing as house sales make a low recovery. There are even signs that some lenders are actually beginning to lend again.
The evidence is tentative at this stage and clearly there is a long way to go but it does seem to suggest that we have seen the bottom of the buy-to-let slump and that things are starting to get better.As with all recoveries there are plenty of warning signs. The latest Financial Services Authority Financial Risk Outlook shows that Buy-to-Let mortgages arrears remain high compared to other lending. In our conversations with landlords and letting agents across the UK it is clear that some areas are still seeing very tough trading conditions, but overall there are steady signs of improvement.
Source: http://www.netrent.co.ukIf you would like to know more about our services and how we can help you why not register your interest?
|
|