Buy to let landlords expected not to sell up
British landlords will not sell off properties in 2009 as long as they can keep up mortgage repayments, a research analyst has predicted.
Yolande Barnes, of Savills, said that it would be nonsensical for landlords to sell their properties as the market hits its lowest trough.
In fact, Barnes said, now may be the time that landlords start buying up buy to let properties at their cheapest price for years.
January 5th, 2009 at 9:12 am
Well of course they won’t - it would be insanity as they could be taking a loss and will almost certainly do better in a couple of years.
January 5th, 2009 at 9:13 am
An obvious ‘prediction’. I know landlords already keeping a keen eye out for bargains.
January 6th, 2009 at 6:25 pm
The only good reason for selling is if they can’t afford not to (or are retiring - and I don’t envy anyone in that position).