Tuesday, March 25, 2008
Paragon BTL comedy continued
The average gearing across landlords’ portfolios is at its lowest level since May 2005, according to Paragon. A panel survey of 200 Landlords revealed the average level of borrowing across their portfolios was 36 per cent, down from 38 per cent in the final quarter of 2007. Paragon says that rents are rising rapidly and landlords who are lowly geared are well positioned to expand their portfolios over 2008 as demand rises. In a softer housing market, landlords will be able to make opportunistic purchases of further properties.