Insurance News Archive
Landlords insurance customers see property values rise
Written by Michael Brown
A new report has revealed that landlords insurance customers saw a rise in the value of property in the six months to September.
The British Land Company half-year report revealed that landlords insurance customers' portfolio valuations rose by 1.4 per cent in the second quarter of 2009, though this was a fall of 2.4 per cent over the six months to that point.
However, the figures also showed that £5.8 billion worth, or 70 per cent, of properties have now increased in value since June 2009.
Chris Gibson-Smith, chairman comments of the organisation, said that the last couple of years have been "the worst storm in real estate history", but added that liquidity for equity investors is increasing and this is coinciding with a short-term lack of supply.
"This is pushing yields down and in some cases offsetting rental value decline. Looking forward, whilst there have been encouraging signs in the market in recent months, it is not yet clear that all sectors of the market have stabilised," he explained.
20 Nov 2009
