Tuesday, April 7, 2009
BTL is dead
The vibrant capital of the small island populated by cash laden city boys spending £10,000 to dine out, with corporate rentals to multi-million salary expatriate bankers... guess what... rentals are down to 2000 levels. Says who? Knight Frank... "Demand for rental property has increased by 20% over the past year, but this has been more than offset by a 67% increase in supply" take that, BTL leeches! bleed cash and hurry up to repay your loans.