Monday, Dec 15, 2008
BTL investor states his rents are now back to 1993 levels
BBC Working Lunch (Today): Housing market
People who are unable to sell their properties because of the collapse of the residential sales market are now flooding the lettings sector as reluctant landlords. Simon meets a Working Lunch viewer who is concerned about his rental properties and Richard Price, Director of the National Landlords Association, talks to Naga and Declan.
Posted by jack c @ 04:56 PM (1020 views) Add Comment
4 Comments
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1. jack c said...
Forgot to mention that the housing bit starts off 1 minute and 25 seconds into the show (I also sense a huge confused76 laugh on the horizon)
2. drewster said...
muwahahahahaha!
Of course, one BTLoser doesn't make a crash. Even I think that falling back to 1993 levels seems unrealistic - unless rents were much higher back then? The inflation alone must have had some effect.
3. nickolarge said...
I rent number 34 for £900 down from a £950 asking price. It's a refurbished 2 bed bungalow that the developer could not sell, even at cost to him with no profit margin.
Number 30 is up for let at a lower £900 asking. It looks the same as mine and has also just been fully refurbished but it's a much bigger 3 bed. It's on with the same agent and where ours was let quickly in line with most decent houses a few months back, the one two doors down has now been available for over a month.
4. landofconfusion said...
@ 09:52PM nickolarge said...
> It looks the same as mine and has also just been fully refurbished but it's a much bigger 3 bed.
In that case I assume you're going to do your bit. Happy moving!