Lettings and landlords looking good in 2009

Posted: 24 Dec 2008 12:10:03 GMT

Landlords and letting agents alike can afford to look confidently towards the coming year, one analyst has said recently.

Suggesting that the mix of economic circumstances in 2009 is likely to work in favour of those letting out property, Tim Hyatt, head of UK lettings at Knight Frank, explained that the flexibility of rental properties matches the insecurities surrounding the jobs market.

"Landlords can be cautiously optimistic but need to be very flexible as they enter the new year if they are to prosper in this difficult market," said Mr Hyatt.

However, while there are positives for landlords and lettings agents, there is also an over-supply of rental properties, leading to a reduction in the price of rent.

London rental prices, for instance, fell by 9.6 per cent this year.

As a result, many buy-to-let property owners will be hoping to sell up in advance of a loss-making year.

Those hoping to make the best return on a property may wish to put a home online, as more people are likely to see an ad online than in an estate agent's window.

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