Sunday, Jun 14, 2009
Rent collapse in the North
Guardian: It's grim up north - but only if you're a landlord or developer
In north-west England, which includes Manchester and Liverpool, rents are down an average of 15.7% over the past year to a typical £580 per month - although canny tenants often secure further reductions. In Yorkshire rents are down 7.9% in the past year to £558. In the West Midlands 6.2% and in the East Midlands 3.4%.
"The exception is the north-east where rents are down just 0.8%. This area includes Newcastle" - hard to believe with all the empty developments there.
Posted by mken @ 11:35 AM (348 views) Add Comment
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