According to Rightmove asking prices are down by 3.1% in November and number of sales are also down by 11% compared compared to last year.Is this the first stages of the correction I warned of?
Landlords who are fully let and on tracker related mortgages will be probably making record rental profits so we are all doing well right?
Maybe not according to Professor Micheal Ball who points out that if you take account of inflation many of us are experiencing a negative capital return on our investments. This all has to be set against any rental profits to work out the real returns and the reality is that they may not be that great!
From a personal perspective one thing I DO know. My returns from my rental properties are FAR better than my recent investment in Thomas Cook shares!
Is it case of 'Hobson's Choice'?
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