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No change expected in buy to let property market over next six months
06 Sep 2010
Landlords seeking buy to let property insurance have been told that, while house prices are falling, the rental market should maintain its strong position for at least the next six months.
Mark Garner, director and founder of LettingZone, suggested that tenants currently needed to research the buy to let property market thoroughly in order to ensure they were getting the best possible deal.
Research from LSL Property Services revealed last week that, despite six consecutive months of rising rents, more than 80 per cent of landlords had seen tenant arrears remain stable or fall over the past year.
"With the house price market looking at heading lower I see no real change in the letting market for certainly the next six months," Mr Garner added, offering buy to let property insurance customers further encouragement.
The study found that just 16 per cent of landlords had experienced a rise in tenant arrears over the past 12 months.
Posted by Michael Brown
