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Landlords apparently buying more properties than they're selling
That's according to the Association Of Residential Letting Agents, in a January to March survey. See here:
There were reports from over twice the number of agents than there had been three months previously. Indeed, agents reported that landlords were now selling fewer properties than they were buying.
If this is correct, the Rat and Mouse wouldn't be surprised if it amounts to something of a redistribution... away from over-stretched amateur landlords and toward more established and cash-rich bargain hunters with well-bedded portfolios.
Technorati Tags: property, real estate Comments
I'm confused- so why are the buying more than they are selling? The economy isn't going to turn around for at least another four years...
http://www.wakeforlaw.com/
Posted by attorney in Wake Forest, NC at
April 2, 2009 3:36 AM
Comments
I suppose because with interest rates at 0.5% and equities uncertain, there aren't that many better places to put "spare money" than properties... IF you can source them at current values and knock another 10% or 15% off asking price or pick up repos at auction.
Posted by Ben at the Rat and Mouse at
April 2, 2009 9:47 AM
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