26 Jan

2010 'will be a good year for landlords'

2010 'will be a good year for landlords'

2010 will be a good year for landlords and those in the buy-to-let market, it has been suggested.

According to James Davies, chief executive officer of upad.co.uk, the strengthening rental market will be beneficial for many landlords.

"It will be a good year for landlords. There is plenty of opportunity for purchasing property [and] there are more and more tenants coming into the market," he commented.

Mr Davies also noted that many people are becoming increasingly aware of the advantages of renting property, such as the flexibility it offers and lack of unexpected financial burdens, such as paying for repairs to boilers.

Research published by the Association of Residential Lettings Agents on January 23rd revealed that 41 per cent of its members had reported that they had more tenants than properties on their books during the final quarter of 2009.

This was compared with 24 per cent who had fewer homes than tenants in the three months previously.ADNFCR-1222-ID-19579332-ADNFCR

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