Landlords will "smile"at return rates revealed in today's LSL Property Services Buy-to-Let Index, it has been claimed.

Policy manager at the National Landlords Association Chris Norris said: "Although rental yields may have dipped slightly during 2009, according to LSL, rent arrears were lower than the previous year and property prices are gradually climbing."

An average gain of £12,700 was seen by most landlords on their investments last year, the report claimed.

But in 2008, landlords suffered losses of almost £15,000, it was revealed. Property also fell in value that year, which caused a loss of capital.

However, 2009 was a far brighter picture and there was a 7.6 per cent annual return on average for investments, it was noted.

Mr Norris said this will make many landlords smile in 2010.

On December 31st it was predicted that this year could be the year of the landlord. David Whittaker from Mortgages for Business said that private landlords will be required as there is increasing pressure placed on housing stock.

Written by Mark GarnerADNFCR-2002-ID-19561193-ADNFCR

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