Monday, Sep 18, 2006

BTL in trouble outside of London

The Independent: Buy-to-let pitfalls

Thanks to RealistBear in the forums for this one:

Outside of London the market is now weak and oversupply of some types of property is causing problems.

It is important that buy-to-let landlord understand the differences between London and "everywhere else" because it has a major impact on the investment decision. The main difference is that London has a tradition of renting, which is seen as the thing to do by young professionals who want to experience the metropolitan buzz rather than create a nest.

Everywhere else, smart new apartments in city centres are competing with relatively cheap housing in suburbs that are fairly close at hand.
"Apartments are already standing empty in many regenerated northern city centres," Town says. "I know one where 50 per cent of units are unoccupied."

Posted by little professor @ 06:21 PM (591 views)
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1 Comment

1. Hankdd said...

Liverpool has had a "never mind the quality count the cranes" mentality. The waterfront, a world heritage site, is being obliterated by competing tower blocks. Flats are everywhere, paying no heed to the buildings around them, or the housing needs of Merseyside.. I suspect a lot will never be finished and will end up as student and housing association. This is still a poor borough and I can not see where the young pros are going to come from, and you only sell so much coke,

Tuesday, September 19, 2006 01:35PM Report Comment

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