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Learning how to drown!

July 2008 Newsletter - click here to view

With the downturn in both residential and commercial property appearing to be getting worse, theres now a serious risk that the UK economy could enter recession territory.

Amid growing concerns from one report after another, even the Chancellor has had to admin that things are worse than the government predicted, that growth targets will have to be scaled back and that we are in for a tough couple of years at least.

Faced with the non-availability of credit, last weeks rise in inflation to 3.8% (everyone knows its probably more than double this official figure) and rising commodity and fuel prices, the unemployment figures weve already seen are likely to increase substantially.

Pressure on the retail sector will put thousands of vacant shops back in the hands of their landlords, just at a time when the government is imposing 100% vacant business rates on owners.

The general consensus appears to be: things will get worse before they get better. The big question for landlords is how much worse can it get?

In truth, although we hear all sorts of predictions, nobody actually knows. There are forces at work here that will test and challenge and maybe even confound governments and central banks.

continue reading .... LandlordZONE Newsletter July 2008

Tom Entwistle, Editor

Tenants are the key to successful property investment, think tenant first should be the landlords motto. Forget the armchair investment - is there really such a thing in property?

You can have the best property in the street or even in the town, but if you cant let it, its a liability to any landlord.

A property with a bad tenant is an even bigger liability, often far worse than with no tenant at all.

No rent coming in, invariably damage being done to your lovingly prepared interior, and the prospect of expensive and long drawn-out legal proceedings to get possession of the property again. Eviction specialists Landlord Action give their advice here.

continue reading .... LandlordZONE Newsletter July 2008


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  • 400 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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