In a slightly different take on things than groups I wrote about earlier in the week, Savills estate agency sees plenty of opportunities ahead for buy to let landlords.
They say that though the fall in house prices is not quite over it is likely to be far less dramatic than that which we have already experienced. They also point out that as we start the long climb back to recovery, buy to let landlords will have some excellent opportunities to profit.
Yolande Barnes, head of residential research, said: “In the medium to long term, the inability of first time buyers to raise deposits rather than the inability to afford mortgage repayments mean that they will remain excluded from entry to the market, boosting demand for private rental property and co-ownership or equity loan schemes.
“This presents a huge opportunity for investors in private rental stock. If acted upon this should, in turn, underpin the recovery.
This sounds very much like a win/win situation and at present any talk of one of those is very cheerful indeed. It certainly beats a situation where everyone loses and we have had our fair share of those recently.
They do point out that this recovery is likely to be a fairly slow process but still things are at least beginning to look up if they can be believed. Barnes had this cheerful thought to put to us.
“We could now be about to enter the latter stages of house price falls and be on the brink of the first stage in the recovery process”
We can only hope she is right and we are on the road to recovery, albeit a quite long one.
