Tuesday, July 21, 2009

No Spring bounce in this FT publication

Private landlords lose billions in property value

Private landlords have seen the collective value of their properties fall by £118.4bn between the first three months of 2008 and the same period this year.According to new research from Sainsbury's Finance, as house prices have fallen, private landlords have witness the collective value of their properties fall by an estimated £324m a day. The worst affected area is London, where the value of their properties has fallen by an estimated £37.36bn. Lucy Hunter, landlord insurance manager, at Sainsbury's Finance said: "The environment for landlords has become increasingly difficult.

Posted by jack c @ 12:48 PM (972 views)
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4 thoughts on “No Spring bounce in this FT publication

  • Just how much ‘value’ was added to properties between 2000 & 2007??
    What goes up must come down!

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  • And just how much did their properties gain during the crazy 200-2007 bubble??

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  • Good! I’m glad 🙂

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  • “There are some 3.19 million privately rented properties in Britain.” So there is no shortage.

    Anyone has an idea how much tax has been collected out of these 3.19 million privately rented properties ?

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