Friday, September 2, 2011

Are landlords seeing the light?

Why are landlords selling when rents are high?

‘surveyors report that where tenancies are coming up for renewal, some landlords – particularly those in London and the South East – are now choosing to put their properties on the sales market, leaving fewer rental properties available.’ 'Given that rents are rising in the face of increased demand this is surprising. ' The article goes on to mention lack of capital gain/good mortgage deals etc.

Posted by a saver @ 08:15 AM (835 views)
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3 thoughts on “Are landlords seeing the light?

  • So in 2007, 6.5% of landlords were “thinking of selling”; today it’s 3.6%. Given that property values barely budged in 2007-9, I can’t see a great wave of price falls from this fact alone.

    The fact that it’s mostly London-based landlords selling implies that they’ve had a good offer from a buyer, and they’d like to crystallise their gains. In the current market there’s not a lot of scope for price rises; but plenty of scope for price falls. Selling is the safer option right now.

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  • We have a duplicated article here – see also post by taffee which appears to have more viewings and comments

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  • Thanks jack c

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