Tuesday, Jun 12, 2007
Rents rise as more buy-to-letters sell up
MoneyWeek: Why buy-to-let sales are bad news for the property market
...The UK housing market is creaking and there are some important signals. A sharp slow-down has been reported in buy-to-let purchases coupled with a big increase in buy-to-let property offered for sale. This is hardly surprising bearing in mind that rental yields are pathetically low; after taking account of voids and other ownership expenses, rents are insufficient to cover interest rate charges...
Posted by mary @ 10:35 AM (138 views) Add Comment
2 Comments
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1. Pelethar said...
Blimey, what a great article. If this is all true, surely it will rapidly be borne out in all the official figures which list average numbers of properties listed with each EA etc?
Does anyone know which statistics include these figures, and when they are next out?
2. Pr said...
Wohooo, a 40% fall, that would be like going down one of those big dippers at Alton Towers, and I don't need to buy a ticket!!!!!!