Friday, September 26, 2008


Falling rents hit London homes

Rents have suddenly started to slide alongside house prices as pessimism sets in throughout the City, say Savills

Posted by magnaman @ 01:49 PM (2946 views)
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2 thoughts on “Really!!

  • In Clapham/Balham/Wandsworth I’ve lost count of the forest to For Sale/To Let
    signs gone up in the last 2 months.

    Asking prices of £890K are having offers ACCEPTED for £680K as sellers start to get real/desperate. Fact.

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  • I like this bit:

    “But the new depression in rents is being felt most acutely in the over-developed east of the City, where there is little traditional family demand. The sudden mismatch between lavish flats and cashed up City boys to rent them has caused a 4.6 per cent decline [in rents] in the past quarter.”

    A few days ago somebody on here pointed out that if this continues, we can use all those flats around Canary Wharf and City Airport as the new Olympic village!

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