Tuesday, Dec 18, 2007
November Primelocation report is out. London sales prices are 5% down versus July, but it is a real carnage in rentals
Primelocation: November 2007 report
“Although prime London property prices have recovered slightly in November after a succession of monthly falls, the trend is unlikely to lead to any
sustained increases in price inflation in the short term. “Rental values have undoubtedly slowed over the last few months as the supply of available property to rent builds up to record levels." RENTAL STOCK WENT THROUGH THE ROOF!! MWAUUU UAHHA HAHHAHHAHAHH
Posted by confused76 @ 11:01 AM (676 views) Add Comment
4 Comments
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1. confused76 said...
"annual rental growth
slows to just 2.7%, down from a peak of 11.7% in August 2007."
BTLetters take notice: YOU ARE DOOMED!!
2. cornishman said...
“Rental values have undoubtedly slowed over the last few months as the supply of available property to rent builds up to record levels. However,the market is anticipating an injection of demand over the coming months as potential buyers wait for prices to fall further in the sales market and rent temporarily in the meantime. This may yet arrest the decline in rental values currently being witnessed”.
What a load of VI cr@p. These potential buyers who are going to rent for a while waiting for further price falls won't increase the rental demand since they are all living somewhere at the moment anyway...
3. hpwatcher said...
I live near Windsor, and around 50% property pages are full of houses & flats etc up for rent. Two years ago it would have been around 15%.
I just don't know who these people think they are going to rent to. Most houses will probably never, ever find anyone to move in as the rents are simply too high to cover the inflated mortgage.
4. the reaper said...
the best bit for me,supply in rural areas up 44.6% on last year.Now can anyone who's ever properly traded a market be it cars or butter,put a case for prices staying flat with this sort of supply increase.give it a few months for the panic methinks