Monday, December 23, 2013

Landlords should feel relaxed this Christmas

It will be interesting to see how 2014 plays out.
It all seems pretty positive in terms of property prices. I can't see falls happening, but neither can I see many areas seeing the massive growth that some estate agents are calling. The BOE seem ready to use with measures to prevent a property bubble happening.

If I was to wave my finger in the air to catch which way the wind was blowing, I'd pluck 5% growth as my prediction. We'll have to wait to next December to see who guessed best.

As regards any increases in interest rates, I don't believe the BOE will be ready to put our fragile recovery at risk during 2014. Their recent report on the Financial position of British households makes a clear argument against any rate rises. I think landlords should be safe in that respect for another year - big sigh of relief.

My feelings are we should enjoy our festive break feeling optimistic about the coming year.

Have fun, relax and just hope that the twelve days of Christmas remain peaceful.

Let's hope we don't hear a chorus of two boilers broken, ten pipes a leaking, or a partridge stuck in a sanuflo.

Landlord insurance - portfolio rates

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