Good rental profits 'still available for landlords'

News Category: Industry News

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Negative public perceptions of the rental and lettings industry are disguising the continuing profits being made by many in the industry, according to a property expert.

Chris Horne, editor of property information website Property Hawk, stated that rental profits have increased in recent months due to low interest rates, despite the falling capital value of rental property.

Futhermore, recent figures from the FindaProperty Rental Index suggest that rental asking prices may also be stabilising.

The average prices in April 2009 remained constant from the previous month, the first time since August 2008 that they have not declined.

Mr Horne added that further profits can be made by landlords willing to invest in the property market while prices are low.

He said: "A lot of landlords who are cash rich have been able to pick up property bargains at auctions and in the long run they will have probably made quite good capital profits."

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