Many of the private landlords who have appeared in the lettings sector in the last 12 months will soon decide to put their properties up for sale.

At least that is the opinion of Ed Mead, director of sales at estate agent Douglas &Gordon, who suggested that the so-called accidental landlords will look to put their bricks and mortar on the market again in the near future.

"For the last year most people have been thinking: 'If we can't sell our property we might as well rent it',"he explained.

"They have been discovering that the rental market isn't particularly appetising and with values still falling, why would you want to rent a property out in a falling market?"

Mr Mead added that turnover may be beginning to pick up, in terms of transactional volumes in the property sales market.

This comes after Hometrack reported that the number of property sales agreed last month increased by 18.6 per cent when compared to February 2009.

Written by Claire Doyle


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