16
Dec
Landlords 'confident' over 2010 outlook
Landlords are going into 2010 with a positive perspective on the
market, an industry expert has claimed.
Chris Horne, editor at Property Hawk, commented that the low
interest environment had improved cash flow and pointed to rising
demand from tenants as the so-called "accidental landlords" are
exiting the market.
"With supply reducing, tenant demand still strong and interest
rates low - I think landlords are feeling reasonably comfortable
going into 2010," Mr Horne said.
He noted that the biggest concern among landlords is likely to be
in relation to their tenants' ability to pay rent as a result of
job losses or financial hardship.
Research released by Paragon Mortgages in October revealed that
many landlords anticipate an increase in the net value of their
property portfolios over the next 12 months.
This was calculated as an average rise of 0.8 per cent among those
surveyed.
The organisation reported that this was the first positive outlook
in the market in more than two years.