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'Year for landlords' in 2010
Article posted: 31/12/2009

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Demand for property among landlords could increase in 2010 as low prices will offer up opportunities for investment.

This is according to David Whittaker, managing director at Mortgages for Business, who explained that next year could be "the year for the professional landlord".

However, he went on to say that due to new regulations that could be introduced in the buy-to-let sector, coupled with the fact that mortgage rates will not come down as low as they were previously for some time, speculative landlords may start to disappear.

"Despite these areas of the market falling away, we won't see a change in the need for people to have a roof over their heads," he added.

Mr Whittaker continued to say that private landlords would be needed to support the lack of social housing as population levels rise putting pressure on the levels of housing stock.

The Rent Index noted earlier in December that the average rent paid monthly by tenants in the UK was £587.41 - a fall of 0.45 per cent compared to November.

Written by Mark GarnerADNFCR-2002-ID-19535396-ADNFCR

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