News

Buy-to-let landlords set for good return

22 February 2010


Residential housing has been a “better investment than cash, shares and bonds” over the last ten years, according to the latest figures from the Halifax.

As a result landlords who have bought properties in the buy-to-let market may experience a good return on their investment, with a possible profit of up to 187% in the decade leading up to December 2009.

The group economist for the bank, Marin Ellis, stated: “Property has still delivered good long-term gains despite
recent turbulence.”

Although property prices took a tumble in the UK between 2007 and 2009, the total value of houses roses by 105% over the ten year period, inspiring confidence in current landlords who are considering expanding their portfolio during the early part of 2010.

Source: House Ladder

Advertisement
© Copyright 2010 Douglasallenswitch. All Rights Reserved. Powered by movewithus.

Lines open 9am – 8pm Monday to Friday and 10am – 4 pm on Saturday.  Calls are recorded and charged at national rate. The savings illustrated are based on a customer who currently buys their electricity from their local supplier and their gas from British Gas, who have also changed their payment method from cash/cheque on receipt of bills to monthly direct debit. Consumption amounts used in this illustration are based on OFGEM stated consumption details for the average household using 3,300kwh of electricity and 20,500kwh of gas per year. Figures correct as of 2nd March 2007.

Douglasallenswitch is part of Douglas Allen Estate Agents, part of the Arun Estate Agencies Group. Registered Office. St, Leonard’s House, North Street, Horsham, West Sussex, RH12 1RJ.  Registered No. 2597969. The Arun Estate Agencies Group is an associated partner of switchwithus, a trading name of movewithus - the UK’s leading property services group.

Home | Cheap gas and electricity | New locks | Cheap broadband deals | Switch mobile phones | Cheapest home phone contract