Landlords we are fortunate. I know we probably don't feel like it at the moment: winging tenants, disappearing buy-to-let mortgages, rising amounts of regulation and off course the falling value of our investment property (to find out by how much check out Margo's post below).
A recent report in the FT over the rising numbers of homeowners and I dare say landlords experiencing a loss on the sale of their residential property.
Research compiled by UKValuation highlighted the areas in the UK where the largest number of houses were sold at a loss. Two areas led the way, Newcastle and Nottingham which registered sales generating a loss equaled 340 and 448 respectively. The average loss was around 10%. These two areas have both experienced high levels of speculative building of city centre apartment often sold at so called discount to unsuspecting buy-to-let investors. This may explain the figures.
Why should landlords feel lucky? Well the silver lining that unlike many owner occupiers we don't have to sell. I know at the moment it's a very small consulation but in the present climate taking any positive is quite an achievement.
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