Monday, February 23, 2009

London landlords being hit by a fall in rental income

Lack of overseas tenants pushes down London rents

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%.

Posted by jack c @ 04:02 PM (1216 views)
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3 thoughts on “London landlords being hit by a fall in rental income

  • Muwahahaha! Falling rents are nice 🙂

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  • Buit London is immune from these sort of things????

    It’s not a dirty and overpriced city, full of desperate people and celebs who spout rubbish about property!!

    drewster, poor attempt at insane laughter, where the dickins is confused76 these days?

    I have already renegotiated my rent down by just a couple of quid under 20% in november and hoping for a further decrease (in about may/june) while the turmoil continues and similar properties are being added to the lettings agents lists in my area every month. I reckon my landlord might be just about ready for it then.

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  • What can I say – confused76’s laughter is infectious!

    No sign of rents falling in my immediate vicinity, but rents are plummeting in the less desirable parts of town.

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