Landlords received a 7.6% annual return on their property last year. This kind of return should make their landlords insurance that bit more affordable.
Figures published by LSL Property Services show that this a huge improvment on what Landlords put up with in 2008.
In 2008, LSL beleives that the typical buy-to-let landlord would have lost 8.8% as their property fell in value.
Commercial director of LSL, David Brown, states that ‘brave landlords who added to their portfolios will be celebrating an excellent year.’ It’s also likely that losses from 2008 will have been recouped.
Interestingly, the Independent recently ran a short arcticle about the ins and outs of the buy-to-let landlord — perhaps with the housing market picking up in 2010 we’ll see landlord numbers increasing even more.
Comments on this entry are closed.