Monday, March 30, 2009
ARLA's quarterly review is here again.
The first quarter of 2009 continues the 'tale of two landlords' narrative.
The report indicates that landlords are buying more property than they are selling. This you could argue puts the buy-to-let sector as a growth sector once again. This might partly be as a result of cash rich landlords picking up perceived bargain properties with heavily reduced price tags.
The other finding was that members have seen an increased level of landlord repossessions during the quarter. Reporting that 1 in 5 members had seen at least one property on their books being repossessed on a weekly basis. About 5 per cent of members said two properties were being repossessed weekly.
As Margo likes to point out remember that this always has a certain sniff of LDLS.
More description of the report in the FT
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