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Thursday, May 20, 2010

Landlords are all optimistic now!

Landlords we are all optimistic now.......apparently!

According to the National Landlords Association optimistically named Optimism Index 57 per cent of landlords rate overall prospects for their lettings business over the next three months as good or very good.

This is, in part, due to increased tenant demand but also because of property value increases across the UK resulting in better capital gains.

Lets not mention the predicted jump in Capital Gains Tax rate to 40% to dampen the celebrations. However, rental profits for those landlords on lapsed base rate trackers are 'great' so let's all make hay while the sun shines.

I'm optimistic are you?

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