Friday, Aug 27, 2010
UK rental yields far to low to justify valuations
ArabianMoney: European and UK housing rental yields absurdly low
Who would be a landlord in the UK or continental Europe? Rental yields are absurdly low and not enough to cover long-term maintenance and property taxes, let alone a mortgage.
Posted by peter cooper @ 08:04 AM (303 views) Add Comment
1 Comment
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1. tenyearstogetmymoneyback said...
The thing is people always tend to extrapolate.
If the flat was worth $110000 in 1993 and is worth $600000 in 2010 Basic (and that is the key word) maths shows it will be worth
over $3 million in 2027. We will completely ignore the fact that it might have been worth $150000 in 1989.