Investors
have been criticised in recent press, with calls that they are making money at
the expense of their tenants. Ian Clark
comments on their importance:
“Investors have become extremely
important in supplying the demand for rental accommodation. There are many people who criticise Landlords
for being greedy and for making money out of this industry but where would
people live if there wasn’t this supply?
This is especially true for young
people leaving home/University where they can rent fully furnished properties
in superb locations without having to save for deposits and furniture
etc. Prices are, and have continued to rise for the last few years but
what people conveniently forget is how far prices were driven down in 2006/7
when the market was saturated. Rents dropped by 30/40% in this period and I
believe they are now at an acceptable level, most Landlords were losing money
on a monthly basis during this period as rents were well below what they were
paying in mortgages and service charges.
Property
rentals are no different to any other consumer market therefore the supply and
demand ratio will apply.”
For a free one to one consultation about your property investment queries please get in touch today.
www.midasestates.com
0117 9117590
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