Wednesday, September 29, 2010

Landlords see more uncertainty and more downside

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 (1118 views)
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4 thoughts on “Landlords see more uncertainty and more downside

  • … but they are still a confident bunch ! :).

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  • “House prices are gently sliding backwards which makes returns more difficult”

    Ex-queeze me?

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  • Please God let them slide gently backwards off the edge of a cliff.

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  • 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.

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