As usual it is fair to say that we are getting very mixed messages about the actual state of the residential property market in the UK, and the future is hard to predict. The one thing that does appear to be coming through quite strongly, however, is that landlords can look forward to a rise in interest in their rental properties.
According to the RLA website this week 65% of Britons, who are in the market for rental accommodation, remain determined to find it before the end of 2009. If this is the case then the holiday season will not be a picnic for landlords as they gear up to meet the demand.
As most experienced landlords know January and February are traditionally quite slow months in the rental sector, probably because most people put in a huge effort to be settled in a new home in time for Christmas. This means that there are fewer on the search in the early months of the New Year.
Adding to that tradition is the fact that many are anticipating a rise in rental prices in 2010 as the balance of supply and demand for properties shifts.
So, landlords! Prepare for a very busy Christmas but not to worry there will be time to rest in January.
