Friday, September 26, 2008

Really!!

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)
Please complete the required fields.



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.

    Reply
    Please complete the required fields.



  • 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!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>