Wednesday, Sep 29, 2010
Landlords see more uncertainty and more downside
Property Talk Live: Landlord confidence in buy-to-let falls
Uncertainties in the housing market and the economy in general, problems with finance and worries about unemployment are all affecting landlords’ confidence in the buy-to-let market. "I'm concerned about tenants' ability to pay." "House prices are gently sliding backwards which makes returns more difficult." "There is a vast surplus of rental property." "High finance charges stop further expansion." "Fewer people coming to London to work because the economy has soured." "Given the current economic situation, I feel that rental arrears can only get worse as people are made redundant and benefits are cut."
Posted by drewster @ 10:49 AM (610 views) Add Comment
4 Comments
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1. techieman said...
... but they are still a confident bunch ! :).
2. inbreda said...
"House prices are gently sliding backwards which makes returns more difficult"
Ex-queeze me?
3. Skint said...
Please God let them slide gently backwards off the edge of a cliff.
4. drewster said...
inbreda,
Absolute returns include both monthly income (rent) and capital gains. There's no point being a landlord and getting £1000 a month in rent if you're losing £1000 a month in capital value.