Predictions For 2009
Tenants are just as vulnerable to defaulting on rent as struggling homebuyers are to meeting mortgage repayments, writes Lorna Bourke in CityWire:
Judienne Wood, lettings director at Kinleigh Folkard & Hayward is predicting that in 2009 the lettings market will remain fragile. ‘We will continue to see a fall in tenants registering as most will not move unless they really need to,’ she says. ‘Our stock levels are likely to rise as more would-be sellers rent out their homes and canny investors will buy investment properties cheaply to rent out. ‘As such, there will be a greater choice for tenants and the supply/demand ratio will increase.’
