13
Oct
Lenders and landlords showing "encouraging signs"
Independent estate agents might be pleased to
learn that the property industry is seeing some "encouraging signs"
from lenders and professional landlords, with many looking to buy
houses with 25 per cent deposits.
This is according to Alan Ward, who is the chairman of membership
body the Residential Landlords Association.
He said that landlords are likely to be purchasing more properties
in desirable areas in the coming months.
His comments follow the publication of research by Paragon
Mortgages, which showed that landlords are expecting the net value
of their portfolios to increase over the next 12 months for the
first time in two years.
"There are conflicting opinions about the direction of the market.
Undoubtedly the recent rises reflect the shortage of properties
available," stated Mr Ward.
In related news, Zoopla.co.uk recently reported that more than
three-quarters of homeowners (79 per cent) think that property
prices will increase over the next six months.
