Property owners with landlord insurance are among those currently benefiting most from an economy which has been battered in recent years.

The general property market has not yet recovered from the crisis which began more than three years ago – and normality seems a long way off.
Two markets are in operation here – prime property prices are booming but the exception to the rule.

The rest of the property market is struggling, with first-time buyers in pitifully short supply and mortgage finance remaining as rare as hens’ teeth.

Potential first-time buyers have instead locked themselves into the rental market and are showing few signs of wanting to emerge from its relative security, despite the cost of record rents hitting them in the pocket.

This has clearly been a boom market for those who have invested in property. But it is one which cannot go on for ever.

New fears are growing about further potential trouble ahead for the global economy.

Quite what this means is unclear – but with the UK economy still struggling, it may be dragged back into recession.

This could have the knock-on effect of seeing tenants struggle to pay their rents – particularly if unemployment begins to rise again.

Landlords should consider hedging against this by taking out rent guarantee insurance to minimise the impact of defaults.