Insurance News Archive
UK housing market 'stable choice for buy to let property insurance customers'
People who could soon become buy to let property insurance policyholders have been advised that the UK housing market is a stable option.
The sector appears to have weathered the storm, with interest rates remaining low and rental demand staying strong, pointed out Tom Entwistle, director of LandlordZONE.
"Low interest rates on savings and volatile performances of investments, pensions and the stock markets means that UK housing looks a relatively safe investment," he commented.
Potential buy to let property insurance customers may have some difficulty in obtaining finance at the right price however, Mr Entwistle added.
"We are not out of the woods yet," he said.
The National Landlords Association has also revealed optimism in the rental sector, with its survey showing that landlord positivity is at its highest since 2007.
More than half (57 per cent) of the landlords questions said their overall prospects for the next three months are good or very good.
Posted by Judith Stevenson
25 Jun 2010
