Landlord confidence 'may increase number of flats to rent in London'
There may be an increase in the number of flats to rent in London becoming available due to an increase in confidence among landlords, one industry commentator has suggested.
Director of LandlordZone.co.uk Tom Entwistle said buy-to-let owners seem to have "weathered the storm" as rental demand in the country has remained strong.
Because interest rates have stayed low the housing market has also stabilised, although rising levels of unemployment may lead to an increased number of repossessions and tenant defaults, he continued.
Despite this, Mr Entwistle said "some landlords would like to continue to expand their property portfolios" and this could mean more flats to rent in London become available.
Last month, statistics from the National Landlords Association showed that 28 per cent of buy-to-let owners expect the housing market to improve further over the next three months.
A total of 57 per cent also rate their business prospects as good or very good over the same period of time.
By Andy Britten
Published 25th June, 2010
© 2010 Estates IT Limited
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There is a growing confidence among landlords in the UK, according to one expert.