Buy to let market 'will offer opportunities in 2010'

23 December 2009

Written by Gavin Elley

Buy to let professional landlords are predicted to look for opportunities next year, according to Property Hawk.

Editor of the website Chris Horne said tenant demand is expected to stay strong in 2010.

"A lot of landlords are keeping a watching brief," Mr Horne added.

Opportunities may be found at auctions or in situations where there is a forced seller, the website predicted.

Rents stand at an average of £587.41 per month, according to December 22nd's rent index - a 0.45 per cent drop since the previous month.

But Mr Horne said the buy to let market will remain stable in the next few months and bargains will be found by willing landlords.

There is a concern among landlords whose tenants are struggling thanks to poor financial circumstances and unemployment, but situations vary according to individuals, he noted.

"For amateur landlords, there is no real need to rush into the market just yet because house prices aren't going to bounce back any time soon," Mr Horne advised.

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