It ain't looking good..

The latest housing stats aren't looking good for the short term direction of house prices.

Rightmove reported yesterday that asking prices have dropped 3.2%, the biggest fall since December 2007.

This comes on top of the fact that the National Association of Estate Agents (NAEA) reported that both the number of sellers and buyers declined month on month in October with the average number of house hunters registered with each branch dropping to 218 in October compared with 247 in September.

All this doom and gloom does not seem to be putting of a significant number of landlords according to latest figures from a recent survey from LSL Property Services that found 28% of buy-to-let investors, nearly a third were planning to buy more properties during the coming 12 months.

It appears that us landlords are an optimistic lot....even when the storm clouds are gathering we can see through the gloom to brighter times ahead!

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