Tuesday, Dec 22, 2009
But But... RICS Said Everthing Was Fine.
Findaproperty: Rental Index December 2009
Rents fell by 1.3% in December taking levels back to the beginning of the upturn in May. Rents are 3% (£25pcm) lower than a year ago. The supply of properties available to rent increased in December by 1.7% following a period of falling stock levels. Gross yields fall to low of 4.52%
Posted by ontheotherhand @ 10:57 AM (922 views) Add Comment
7 Comments
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1. wdbeast said...
otoh - Good find, a very amusing contradiction, and certainly more believable that RICS.
2. mark wadsworth said...
Good find! But that puts rents in a good position to "bounce back" :-)
3. cynicalsoothsayer said...
Supply of rental properties is nearly three times higher yet rental asking prices drop fifty quid.
4. little professor said...
Excellent post, shows up the ridiculousness of the RICS position
5. dill said...
Well done. ontheotherhand. Keeping it real! Agree with MW @2, though. Fewer accidental LL's ahead.
6. doomwatch said...
Are you trying to say RICs are part of the bull food supply chain ?
7. holyroller said...
I am paying 12% less rent this year compared to last year and now rent a bigger and better house. My previous landlord was not happy with me moving out, but more down to the fact that he took out a lot of additional finance based on rent he was getting from me and couldn't afford my rent to be late. 2 months later and the house is still vacant.