23
Jan
Flexibility the key, landlords advised
Landlords who are flexible will be better placed to have a good
2009 in the rental market, it has been stated.
Director of the Residential Landlords Association Chris Town stated
that some will find this year "really tough", but those who plan
the right way will be able to come through the economic
downturn.
Noting that "there is generally a strong demand for rental property
in most markets", he remarked that "local knowledge is key to
making the most of opportunities".
He concluded: "Generally, landlords who are flexible will be
okay."
The most recent survey trends may suggest that the majority of
landlords are looking to ride out the downturn and hold onto their
property for the long term.
December's survey by the Association of Residential Letting Agents
for the fourth quarter of 2008 showed that the average period
buy-to-let investors intend to hold onto their portfolios was 16.3
years, while one in five planned to do so for 20 years.
