Rental market 'likely to be stable'
Following a difficult year for the housing market, the buy-to-let sector is set to enjoy increasing stability in the new year, one sector commentator has claimed.
Chris Horne, editor at Property Hawk, said property prices are unlikely to go up over the short term, which may mean landlords have the opportunity to bag a bargain.
"I think it is going to be quite stable after the turbulence in 2009. I think interest rates will stay reasonably low for the rest of the time and tenant demand will remain fairly strong," he added.
Mr Horne asserted that professional landlords were likely to be looking for opportunities to expand their property portfolios.
Such news could see Britons looking for flats to rent in Kensington or another part of London having more properties to choose from.
Earlier this month, the daily updated Rent Index showed that the average monthly rent stands at £587.41 and has decreased by 0.45 per cent in the past month.
Written by Charles Mackay
Published 23rd December, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Demand for rental homes across the UK has increased, according to new research.
Read Article ... Published on 18th September, 2014
The final stages of the Bromley North Village improvements are underway, it has been revealed.
Read Article ... Published on 17th September, 2014
Greenwich primary schools have been rated as being among the best in the UK, according to new research.
Read Article ... Published on 15th September, 2014
Over £20 million will be spent on regenerating the Hammersmith and Fulham area after a new agreement was drawn up, it has been revealed.
Read Article ... Published on 11th September, 2014
Barnet Council have launched a new drive to boost the number of affordable homes in the borough.
Read Article ... Published on 10th September, 2014
Bexleyheath is a leafy and historic suburb based in south-east London. It is an area that underwent a lot of regeneration in the 1930s and 40s.
Read Article ... Published on 5th September, 2014
Hackney Council is set to build two new apartment blocks as part of a bid to boost residential homes for tenants, after being granted planning permission, it has been revealed.
Read Article ... Published on 8th September, 2014
Hackney may be on its way to becoming recognised as being one of the most green boroughs in London, new research suggests.
Read Article ... Published on 3rd September, 2014
A new traffic system is set to transform travel in Ealing, after it was revealed that work on the Southall Broadway is expected to be complete by Christmas.
Read Article ... Published on 2nd September, 2014
A new initiative is taking place across London to improve some of the estates that were the worst affected by the 2011 riots.
Read Article ... Published on 1st September, 2014