Thursday, April 17, 2008
Rents falling in some cities
Buy-to-let sector feels pinch of oversupply
Rents are tumbling on some city centre flats as buy-to-let investors pay the price for oversupply. The news will make uncomfortable reading for investors who bought into the boom in development of buy-to-let flats in these city centres, only to find that capital values and now rental income are falling.
Posted by cynicalsoothsayer @ 11:49 PM (463 views)
One thought on “Rents falling in some cities”
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doomwatch says:
Not sure who these “others” are ? I suspect Daniel Thomas has been watching too many old episodes of Lost recently
“… stark contrast to the fortunes of others, who have seen rental income grow as they cash in on the
plight of first-time buyers unable to secure a mortgage.”
I suggest an edit to “.. first-time buyers not strupid enough to secure a mortgage”.