Tuesday, July 21, 2009
No Spring bounce in this FT publication
Private landlords have seen the collective value of their properties fall by Â£118.4bn between the first three months of 2008 and the same period this year.According to new research from Sainsbury's Finance, as house prices have fallen, private landlords have witness the collective value of their properties fall by an estimated Â£324m a day. The worst affected area is London, where the value of their properties has fallen by an estimated Â£37.36bn. Lucy Hunter, landlord insurance manager, at Sainsbury's Finance said: "The environment for landlords has become increasingly difficult.