Landlords across the country are said to be selling up and heading abroad amid fears of a crash in the housing market, one property expert has claimed.
United Kingdom of Great Britain & N. Ireland (Press Release) September 19, 2007 --
'Bleak market conditions' in the UK are forcing many to cash in on their current investments and move to foreign shores, according to Tim Warrington of property portal landlord.co.uk.
He claims that many investors are selling their property off at the same time – which could see dozens more homes descend on the property market over the net few months.
Quick Property Sale Sell your property quickly | Enquire today
The move could be "very damaging for the UK housing market" according to Mr Warrington – who is urging landlords to stay put and avoid creating a "domino effect".
"Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy-to-let industry are going up for sale.
"We believe landlords should hold their nerve through these tricky times and look at the UK as a long-term investment."
He claims that many investors are selling their property off at the same time – which could see dozens more homes descend on the property market over the net few months.
Quick Property Sale Sell your property quickly | Enquire today
The move could be "very damaging for the UK housing market" according to Mr Warrington – who is urging landlords to stay put and avoid creating a "domino effect".
"Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy-to-let industry are going up for sale.
"We believe landlords should hold their nerve through these tricky times and look at the UK as a long-term investment."
Email
Print
SPAM
LEAVE A COMMENT
