Thursday, Jun 26, 2008
Hamptons latest - true or false?
mortgagestrategy: Hamptons see 40% rise in capital's rental stock
Residential agent Hamptons International is seeing a marked increase in available rental properties across the capital with a 40% rise in rental stock. Areas such as Chelsea and Tower Bridge are seeing rental stock increase by up to three times as much as the levels experienced this time last year. Hamptons says rental stock is soaring as a result of would-be buyers renting out their property while waiting for the sales market to pick up.Kate Whotton, regional lettings director at Hamptons International, says: “The aftermath of the credit crunch has caused some interesting changes to the lettings market.
Posted by jack c @ 02:47 PM (829 views) Add Comment
14 Comments
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1. Stevie Dee said...
That's all the escorts leaving town... bless... grand dad.. will have to find a new hobby..
2. drewster said...
Hamptons say that a lot of people are unable to sell their old house, so they are renting it out instead. They hope to be able to sell the house when the market picks up again.
We need a snazzy name for this group. Let-To-Sell? Let-And-Wait? They're becoming an important part of the market. There's a house down my street where the owners have moved to Australia and are letting out their old house here.
3. angonamo said...
Drewster ... How bout CATS (Can't Afford To Sell)
4. mark wadsworth said...
It must be either "rent-to-let" or "let-to-rent"
As opposed to "sell-to-rent" or "buy-to-let" or "sell-to-buy"
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6. angonamo said...
Or
Rent To Keep
Let To Hope To Keep
Rent To Let To Buy To Hope To Hang On To
PS I'm not Trade Marking these terms like Marks brilliant 'Nequity' (all rights acknowledged) phrase ;-)
7. doomwatch said...
LET-TO-BET pretty much sums it up.
8. angonamo said...
Got it ... MAMBies
Made A Mistake Buying
9. ftb maybe one day said...
With the rental market flooded with new properties available to be let, does this mean there will be a crash in rents (ppm)? Or just lots of rental accomodation sitting there vacant?
10. Juvenal said...
Where are they all living while renting out their property?
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