28 Sep

"Many positives" for the property market

"Many positives" for the property market

The residential property market is likely to experience "many positives" over the next few years, according to one housing expert.

Tom Entwistle, editor at online community LandlordZONE, said that the risk of a "catastrophic collapse of the economy" has been avoided.

His comments follow the publication of the Young Index by the Young Group, which found that the majority of landlords believe that property prices will not decline within the next year.

"Selective buying of the right types of rental property could present some real bargains over the next couple of years for those with the necessary resources," stated Mr Entwistle.

He cautioned that new investments should be made selectively with regards to property types, locations and initial yields.

This news comes after FindaProperty.com recently reported that stock levels are still 37 per cent higher than they were in 2008, while rents remain steady at £829 per month, which is £10 higher than in April 2009.


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