4 Apr

Landlords could benefit from market conditions

Landlords could benefit from market conditions

The increase in house prices could benefit those landlords looking to downsize their property portfolios.

According to the latest Hometrack monthly national housing survey, buyers are paying the highest rate of asking prices in around a decade.

This has also been a decrease in the time taken to sell a property - with homes in London now taking an average of 2.7 weeks to sell.

Therefore, it could be an ideal time for landlords to consult estate agents on the best way to release equity and maybe redirect funds into other developments.

Richard Donnell, director of research, at Hometrack said: "House prices increased by 0.6 per cent in March with the growth in demand outstripping supply. Half of the country registered a price increase in March for a second month in a row."

The index also revealed that the number of people registering with estate agents as buyers has increased by 6.6 per cent, although there was only a 1.9 per cent increase in housing stock on the market.

Chancellor George Osborne has also confirmed the government is currently keeping track of the rise in property prices and has concerns about the gap between London and the rest of the UK.ADNFCR-1222-ID-801710055-ADNFCR

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