2008 Looks Good for Landlords
2008 is shaping up to be a good year for Landlords. With Paragon Mortgages reporting a 19.4 per cent increase for 2007 in the amount of rentals (8.1 per cent of which occurred in the later quarter of the year), and the trend projected to continue through 2008, industry members feel optimistic about the coming year, states David Salisbury, chairman of the National Landlord’s Association.
In fact, the rental industry has been faring so well that research shows over 25 per cent of landlords plan on increasing their portfolios over the next five years. Based on this research, Mr. Salisbury comments, “The chances are that, in the coming months, there will be increasing demand placed on the private-rented sector and well-managed portfolios can only serve to benefit both tenants and landlords alike.”