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Ash4781

U.k. Housing Rental Demand Rose At Slowest Pace Since 2005 (rics)

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http://www.bloomberg.com/apps/news?pid=206...EA&refer=uk

May 30 (Bloomberg) -- U.K. home-letting demand rose at the slowest pace in two years in the quarter through April as more people bought their homes and moved out of rented accommodation, a survey by the Royal Institution of Chartered Surveyors showed.

Is this spin or did a lot of renters pile into the market?

Edited by Ash4781

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http://www.bloomberg.com/apps/news?pid=206...EA&refer=uk

Is this spin or did a lot of renters pile into the market?

Spin. The flood of rentals on the market are empty and looking for someone to live in them. If there was a housing shortage as the VIs have been saying this would not be the result. The bear fact is that FTBs are gone and there is too much supply. The chains will be gridlocked and the prices will continue to soften.

RICS know their EA members are about to suffer some real pain for Gordon's 10 year folly and they think propaganda will reverse the ravages of Great Crash 2 as if the UK were somehow immune and the US, Spain, France and Ireland are not.

The whole ship of HPI-MEW is sinking and the rats are scurrying around the deck in confusion saying one thing then another. Next we will be getting Lereahan statements such as: it will be a soft landing--or "now is a good time to buy as prices have plummeted 1%...."

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Absolutely fascinating to see 3 mutually contradictory pieces in the press today:

- "Demand for rentals slowing"

- "Rents rise at highest rate for years"

- "Increase in number of BTL landlords selling up"

Could it be panic?

Can't help thinking this has got to be a bad sign for property investors...

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