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Landlords look to sell up, says National Homebuyers

Released on = July 11, 2007, 12:43 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = An increasing number of landlords are deciding to sell up
over fears that the buy-to-let market has reached its peak and that the bubble is
about to burst.

Press Release Body = According to recent statistics from London property company
Knight Frank, Landlords in the capital are actually raising their rents at the
fastest rate in recent years - but this isn\'t translating into profits.

\"Yields in prime central London have dropped to an all time low,\" commented Liam
Bailey, Knight Frank head of residential research.

\"Gross yields stand just above four per cent after exceptional growth in house
prices this quarter.

\"Although rents have grown strongly since the start of the year, capital value
growth has overshadowed the performance of the rental market.\"

As a result, it is predicted that more and more buy-to-let landlords will rush to
sell up before prices start to fall.

The UK\'s leading fast property purchasing firm National Homebuyers says would-be
landlords should have seen the signs. \"All the signposts of a terrible year for
buy-to-let mortgagees have been in place for almost two years,\" says director Chris
Newman.

\"Rates have been rising and rents have been falling as property prices started to
stall in various UK locations.

\"In some areas, values are actually going down. Amateur landlords with their eyes on
high yield properties are now finding that they have to sell their investment
quickly and cut their losses.\"

National Homebuyers makes an offer to purchase any property. Offers are guaranteed
and they offer to meet the vendor\'s desired completion date, often this can be in a
handful of days.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk

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