30 Apr

Hold on to assets, landlords told

Hold on to assets, landlords told

The market prospect for the next couple of years is likely to make it a good time for rental property investors to hold on to their assets, it has been stated.

Director of residential research at property services firm Savills Lucian Cook said the company believes that owner occupancy levels in the UK have "peaked", with an increasing number of young professionals being unable to get on the ladder in the future due to higher deposit requirements.

He suggested that prices are now "within five per cent of the bottom of the market", although some regions will see little change in the near term.

For this reason, Mr Cook argued, investors may do well not to sell. He commented: "A landlord able to take a mid-term view would be well advised to hold their property."

The Association of Residential Lettings Agents member survey for the first quarter of 2009 found that during this period, more landlords were buying property than selling it for the first time in two years.
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