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16/12/2009
Landlords 'to be positive about 2010' |
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Next year is one that most residential property owners will have cause to be positive about, it has been predicted.
Editor of investor magazine Property Hawk Chris Horne commented that cash flow is "quite good" for most landlords at present and they will be benefiting from the fall in the number of 'reluctant landlords' as such homes go back on the market.
This situation is "reducing the void periods" for many investors, thus reducing gaps in income, he added.
Mr Horne concluded: "In that respect - with supply reducing, tenant demand still strong and interest rates low - I think landlords are feeling reasonably comfortable going into 2010."
Such an optimistic outlook could lead to more property owners looking to engage the services of property lawyers in the coming year as they manage their portfolios.
Mr Horne's comments come after a study by Upad.co.uk found that 58 per cent of landlords felt more confident about the buy-to-let market this month than they did in November.
Written by Laurence Smith
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