Landlords making the most of downturn |
11 2008 |
| Around 20 per cent of British landlords are currently looking to invest further in the housing market as prices have fallen by as much as 14.9 per cent, or £30,000, according to Halifax figures Research carried out by the Money Centre has shown that the lower prices are tempting many UK landlords into expanding their portfolios of properties, improving the choice of tenants. Speaking to Property Wire, Lynsey Sweales, director of the Money Centre, explained: "It is vital that landlords continue to buy property not just to expand their portfolio but to ensure tenants have properties to rent and to help the property transaction market." However, with the financial markets proving more and more vulnerable to outside forces as days go by the decision to invest hundreds of thousands of pounds into property is still one that is turning first-time buyers and homeowners alike away from the market. As such the demand for rental property will likely remain high among those who prefer not to take such drastic risks.  |
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