Wednesday, July 11, 2007
Central Buy-To-Let could be failing …
Buy To Let: Central London was once said to be safe as houses. Not any longer
Sorry for the multiple postings today but I thought this was too interesting. This article expresses the difficulty of making profit through BTL in central London. It also reports that other London areas might not be gold-mines either. I like "... East London may have an oversupply of flats ... " for example. Hopefully the 2012 Games will be played out in an area where house prices are declining. Who knows what will happen by then ...
Posted by talking rot @ 05:49 AM (441 views)
2 thoughts on “Central Buy-To-Let could be failing …”
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japanese uncle says:
2012 Olympic games will have to be organized on a much reduced scale due to the shorage of fund caused by falling tax revenue thanks to the HPC and subsequent recession.
dohousescrashinthewoods says:
hear hear, JU!
Not only can we not organise our way out of a wet paper bag, because the government has red-taped itself to death and contractors are rinsing the system for work they haven’t done, (exaggeration acknowledged) but there is no more money – and there will be less tomorrow.
Looks like all that tasty sub-rime meat is about to rot and the money evaporate like the mirage of the incomes that were stated on liar loan applications.
Rome is starting to burn, so where’s a fool to emigrate?