16 Dec

Landlords 'confident' over 2010 outlook

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.ADNFCR-1222-ID-19515770-ADNFCR

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