With the huge amount of media coverage that the buy-to-let sector generates, it stands to reason that people will have different opinions but sometimes the opinions differ so wildly it can be hard for the average person to get any sort of handle on what is going on.
Just this week, financial analyst, Christina Jordan, warned that “Landlords are being wildly optimistic about the potential of the buy-to-let market. Stop kidding yourselves – you’re still in for a rough time.” A very tough sounding warning and perhaps one we were unprepared for as we have been listening to other experts giving us mainly good news in the last few weeks.
So, a lot of property landlords such as myself are wondering what is really going on and who can we trust to be telling us the truth. To be honest, it is largely a matter of personal opinion and, perhaps, temperament. Those more prone to optimism have plenty to be glad about and the more cautious among us can still see signs of trouble ahead; the best we can do is arm ourselves with all the facts and be prepared for anything that may pop up.
To that end I am going to do a series for the rest of the week summarizing the good and the bad news stories out there so we can all get a clearer idea of where we stand. Being a bit of an optimist myself, I will start with the good news in my next blog.
