Monday, February 23, 2009
London landlords being hit by a fall in rental income
London landlords are being hit by a fall in rental income as the numbers of applicants from overseas declines, figures from Hamptons International reveal. The company has reported that the number of overseas applicants looking for a property to rent in London has fallen by 20% in the last six months. Prime areas of London including Tower Bridge, Kensington and Knightsbridge have been hardest hit by the fall-off in overseas tenants, with rental prices over the last six months down by up to 16%.