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FREE landlord softwareLooking at the latest economic news delivered at the end of last week which showed that the economy is still officially in depression, registering a 0.4% shrinking in the 3rd quarter. This means that the 'downturn' has now officially hit the depths of the last 'biggy' of 79-81. Hardly grounds for optimism. 'Au contraire' me thinks.
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Why the optimism?
Firstly house prices appear to be showing some signs of stability meaning that the sharp and painful falls may be coming to an end.
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Secondly, the latest data has strengthened many economists expectation that the government will be forced to keep interest rates on hold at their historically low levels for the entire 2010. For any landlords with tracker mortgages in place then this could mean another bumper year of rental profits.
It appears that all this gloomy news may not be so bad after all!
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