Tuesday, Oct 17, 2006

"It really doesn't make sense" - investing in property, that is.

The Scotsman: Low yields see DJ Alexander open the door to single-night tenants

"HISTORIC low yields on investment properties have led one of Scotland's largest independent letting agencies to start offering accommodation for as little as one night", according to the Scotsman. I'm not quite sure what to read into this, but it makes interesting reading.

Posted by scunnered @ 10:24 PM (471 views)
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1. the bald man said...

I thought that these were called hotels or B&B? Who clears up after every tenant what are the costs (I suppose the agenets gets his % so he does not care)?How desperate can you get?

Wednesday, October 18, 2006 09:12AM Report Comment

2. Cstanhope707 said...

Nah I would rather take a 4 star Hotel for the night atleast then I get Breakfast in Bed, Satellite TV and Room Service plus I don't have to tidy up my room.

Actually this is interseting as what I think is happening here is that as the Polish economy starts to improve and House Prices rise in Poland the attrictiveness of the UK will dimiinsh leaving more and more landlords and BTL'rs in this situation. Put it this way when they first came out you could probably by a house in Poland for about 10 to 15k now its more like 60k and climbing so why would you come to work in Britain for 6/hour with nothing at the end of it and why employ Poles when I would now have to pay them the same as British workers.

As I said in a previous comment the UK is getting less and less profitable to invest in terms of RTO (Return on Investment) for those at the BBC.

Wednesday, October 18, 2006 12:55PM Report Comment

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