1 Sep

'The future's bright' for landlords

'The future's bright' for landlords

The future for long-term landlords looks "very good", according to one property expert.

Mark Garner, managing director at LettingZone, which aims to feature news and articles directly affecting landlords as well as offering products and services, said that many landlords on tracker mortgages will be "reaping the full benefit" of low interest rates and will be seeing a "very healthy" cash flow.

His comments follow the publication of figures from LSL Property Services, which revealed that average rental prices increased in July, while the number of days that a property stands empty each year has fallen.

"I wouldn't say my rents are leaping up, but they have certainly stabilised now and it is looking a lot more certain and a lot more healthy for the long-term future," said Mr Garner.

The news comes after the FindaProperty.com Rental Index 2009 showed that asking monthly rents for houses have risen by 2.5 per cent this quarter to £868 in August 2009.



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