Rent Costs Increase Landlord Confidence

Posted 2008-02-6

With Paragon Mortgages reporting a 19.4% increase in rents last year, many landlords are confident about the rental market of 2008. The last three months of 2007 saw 8.1% of that overall increase, giving industry members plenty of reason to look forward to the promising financial returns in the new year.
Such data comes as good news for the industry and portends well for 2008, offered David Salisbury, Chairman of the National Landlords Association.
“The chances are that, in the coming months, there will be increasing demand placed on the private-rented sector and well-managed portfolios can only serve to benefit both tenants and landlords alike,” stated Mr. Salisbury.
He also noted research showed more than 25% of landlords predict the industry’s success will expand their portfolios not only in 2008, but for at least five years to come.
Homeownership loans are an excellent advantage to holding equity in property, according to Moneyfacts, which allow property owners to secure loans against a home and give much needed financial stability; especially as compares to spending money month after month on rent.

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