Wednesday, June 25, 2008
OFFICIAL Press Release from ARLA: Rents are static
Average weighted rents for houses are down by 7% and for flats by 9%. ARLA says the main cause is the developments of new blocks of two-bedroomed flats coming on-stream. The average capital asset values of rented houses and flats has also fallen [by 3.1%]. 17% of all tenants are immigrants.