John Heron Quotes

There are issues clearly in the property investment club area but they have not flowed through into the buy-to-let and main residential mortgage market.

- John Heron

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Issues | Property | Investment | Club | Area |

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With good returns on their lettings businesses and strong levels of capital appreciation over the past year, landlords continue to benefit from good overall returns taking into account both rental income and capital appreciation. Overall returns have now reached 22%, up from 21% last month and a low of 18% in April this year. - John Heron

September is a busy time in the rentals market with many people starting new jobs and the new academic year starting in universities and colleges. - John Heron

Prices paid by residential property investors are still growing, but at a much slower rate than was seen during the heady days of mid-2004 when investors had to compete with owner-occupiers in a busy market with limited stock available. The recent cut in interest rates should encourage landlords to expand to their portfolios as there are still good deals to be negotiated while the owner-occupier market remains relatively slow. - John Heron