Monday, December 15, 2008

BTL investor states his rents are now back to 1993 levels

Housing market

People who are unable to sell their properties because of the collapse of the residential sales market are now flooding the lettings sector as reluctant landlords. Simon meets a Working Lunch viewer who is concerned about his rental properties and Richard Price, Director of the National Landlords Association, talks to Naga and Declan.

Posted by jack c @ 04:56 PM (1347 views)
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4 thoughts on “BTL investor states his rents are now back to 1993 levels

  • Forgot to mention that the housing bit starts off 1 minute and 25 seconds into the show (I also sense a huge confused76 laugh on the horizon)

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  • muwahahahahaha!

    Of course, one BTLoser doesn’t make a crash. Even I think that falling back to 1993 levels seems unrealistic – unless rents were much higher back then? The inflation alone must have had some effect.

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  • I rent number 34 for £900 down from a £950 asking price. It’s a refurbished 2 bed bungalow that the developer could not sell, even at cost to him with no profit margin.

    Number 30 is up for let at a lower £900 asking. It looks the same as mine and has also just been fully refurbished but it’s a much bigger 3 bed. It’s on with the same agent and where ours was let quickly in line with most decent houses a few months back, the one two doors down has now been available for over a month.

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  • landofconfusion says:

    @ 09:52PM nickolarge said…

    > It looks the same as mine and has also just been fully refurbished but it’s a much bigger 3 bed.

    In that case I assume you’re going to do your bit. Happy moving!

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