House prices 'bound to increase'
The cost of property is "bound to go up considerably before long", according to one housing industry expert.
A statement from Smartlandlord.co.uk - the managing director of which is Keshav Thukaram - indicated that recent comments from industry bodies suggest that house prices are set to move upwards in the near future.
It also stated that rental prices may start rising, but people living in flats to rent in Lambeth, Southwark and elsewhere in the UK may still find that letting a home is more suitable.
Smartlandlord.co.uk offered advice to landlords, saying that from a property management perspective, buy-to-let investors need to find ways to reduce costs because it is only rental yields that will help them break-even in the short term.
These comments came after research agency BDRC reported that 30 per cent of private landlords in the UK experienced rental arrears during the second quarter of this year.
Written by Chris Price
Published 12th August, 2009
© 2009 Estates IT Limited
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Another property expert has suggested that house prices in the UK will grow in the near future.