Landlords in the UK believe falling house prices could work in their favour, a new study has found.

According to The Money Centre, one in five rental investors plan to snap up a bargain property over the next few months.

This is despite the fact that many property owners are dealing with problems such as rising mortgage rates and difficulties in obtaining credit.

However, getting a cut-price property during the current downturn could enable investors to cash in on the continuing demand for rental accommodation.

Lynsey Sweales, director of The Money Centre, commented: "Buying an investment property now can not only help with the cash flow on other properties where mortgages may have risen but also good cash flow generally and good capital growth potential for the future."

Speaking to Property Wire, she added that the continued interest in buying property in the UK shows that landlords are looking towards the long term.

Nationwide recently reported that the average price of a house in the UK fell to £158,872 in October 2008.

ADNFCR-2002-ID-18867567-ADNFCR

No related posts.

Leave a Reply

You must be logged in to post a comment.

HOME