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'Panicking' landlords head abroad, says National Homebuyers

Landlords across the country are said to be selling up and heading abroad amid fears of a crash in the housing market, one property expert has claimed.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Sep 19, 2007 – 'Bleak market conditions' in the UK are forcing many to cash in on their current investments and move to foreign shores, according to Tim Warrington of property portal landlord.co.uk.

He claims that many investors are selling their property off at the same time – which could see dozens more homes descend on the property market over the net few months.

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The move could be "very damaging for the UK housing market" according to Mr Warrington – who is urging landlords to stay put and avoid creating a "domino effect".

"Too many landlords selling in the UK could send the property market into freefall, as many properties in the buy-to-let industry are going up for sale.

"We believe landlords should hold their nerve through these tricky times and look at the UK as a long-term investment."

# # #

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Issued By:National Homebuyers
Website:http://www.nationalhomebuyers.co.uk
Email:Click to contact author
Phone:0870 979 8118
Fax:01444 257333
Address:Sterling House
:20 Victoria Way
City/Town:Burgess Hill
State/Province:Sussex
Zip:RH15 9NF
Country:United Kingdom
Categories:Business, Marketing, Real Estate
Tags:National Homebuyers, Home Buyers, National Home Buyers, Quick House Sale, Home Sale, House Buyers, Hips

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