2010 The Year of The Landlord

Research by popular property website Rightmove suggests 2010 may be the ‘year of the landlord’ after property prices fell for the second month in a row.

Although it is traditional for property sales/prices to fall during the holiday season - with a brief reawakening in spring - Rightmove believes there will be further property price falls before the property market enters into a period of complete stagnation.

But this is not all…


Continuing in their predictions, Rightmove also feels 2010 will witness only half the amount of properties put up for sale compared to 2007.

One of the main reasons Rightmove is attributing to this stagnation is the General Election, which they believe will have a profound impact upon homeowner’s decisions to move.

Only once the General Election is over, do they feel that homeowners will begin to feel confident again in the property market as they will have a clear picture of the procedures/taxes that will be used to improve the property ladder.

However despite this stagnation, Rightmove’s Commercial director Miles Shipeshire has predicted that for property investors and landlords alike, 2010 will be a strong year.

Describing 2009 as the ‘year of the property deal’, he believes 2010 will witness more first time buyers turning to rented properties as the property sector becomes limited in properties for sales.

Original Article

More About the Author

Fraser Stirling, Property Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more