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Saturday, June 26, 2010

Landlords still optimistic

The latest quarterly research of over 500 landlords conducted by BDRC Continental reveals that optimism amongst landlords continues to recover with more than a half of respondents (57%) considering their business prospects for the next three months as good.

Inevitably this optimism comes in part as improved profitability for portfolio landlords see rental levels at record highs as interest rates remain on the floor.

Over three quarters or 79% of all landlords say they are making profits up from 73 % in the third quarter of 2009. Almost a third of landlords (32%) claim to be making enough profit to save money and this figures reaches 48% of professional landlords, those with 20 properties or more.

Added to this good news for revenues landlords were treated to a capital gains system which was much kinder than many landlords had feared.

And the sun is shining! No wonder we are a happy lot...

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