Residential property not being sold in 2009
One of the UK’s major estate agents are expecting British landlords to keep hold of their let properties, holding off any ideas of selling as long as they can afford to pay mortgages and loans.
Due to the property prices reaching rock bottom in most of the UK at the current time, it seems pointless for landlords to decide to start selling their let portfolios.
Some analysts believe that the house prices are going to be increasing later in 2009; they think that this is due to the supply of residential properties for sale being less. So waiting to sell your properties is advised.
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January 08th 2009