Wednesday, September 29, 2010
Landlords see more uncertainty and more downside
Uncertainties in the housing market and the economy in general, problems with finance and worries about unemployment are all affecting landlordsâ€™ 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."