Regeneration areas in major city centres have suffered a slump in property prices.
Research carried out for the BBC showed that the Birmingham canal area and Deansgate in Manchester were among the worst affected.
Buy to let landlord Murray McGregor said that he would have difficulty selling flats in the current economic climate.
Although bad news for the owner occupier market this current downturn in housing prices can be the green light for many buy to let proffessionals to expand their portfolio of rental property.
A great many landlords who made hay during the property boom of the late nineties and early to mid years of the first decade in the new millenium have situated themselves with solid funds and are in the enviable position of being able to buy properties at cut down prices. Bricks and mortar have always been a good investment and the long term rental property proffessional who has managed to grow funds are in prime position to take advantage of low property prices to increase their rental property portfolio.
Landlords and Letting agents are sure to continue to thrive as more and more tenants come on to the market and keep the rental property market bouyant.
One thing is for sure LetSafe will allways offer competitive landlord help, landlord advice and letting agent products and services to the UK Letting Agent and UK Landlord sector.
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