28
Sep
"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.
