Tuesday, Dec 22, 2009

But But... RICS Said Everthing Was Fine.

Findaproperty: Rental Index December 2009

Rents fell by 1.3% in December taking levels back to the beginning of the upturn in May. Rents are 3% (£25pcm) lower than a year ago. The supply of properties available to rent increased in December by 1.7% following a period of falling stock levels. Gross yields fall to low of 4.52%

Posted by ontheotherhand @ 10:57 AM (1374 views)
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7 Comments

1. wdbeast said...

otoh - Good find, a very amusing contradiction, and certainly more believable that RICS.

Tuesday, December 22, 2009 11:16AM Report Comment
 

2. mark wadsworth said...

Good find! But that puts rents in a good position to "bounce back" :-)

Tuesday, December 22, 2009 11:20AM Report Comment
 

3. cynicalsoothsayer said...

Supply of rental properties is nearly three times higher yet rental asking prices drop fifty quid.

Tuesday, December 22, 2009 11:41AM Report Comment
 

4. little professor said...

Excellent post, shows up the ridiculousness of the RICS position

Tuesday, December 22, 2009 11:50AM Report Comment
 

5. dill said...

Well done. ontheotherhand. Keeping it real! Agree with MW @2, though. Fewer accidental LL's ahead.

Tuesday, December 22, 2009 01:02PM Report Comment
 

6. doomwatch said...

Are you trying to say RICs are part of the bull food supply chain ?

Tuesday, December 22, 2009 04:56PM Report Comment
 

7. holyroller said...

I am paying 12% less rent this year compared to last year and now rent a bigger and better house. My previous landlord was not happy with me moving out, but more down to the fact that he took out a lot of additional finance based on rent he was getting from me and couldn't afford my rent to be late. 2 months later and the house is still vacant.

Wednesday, December 23, 2009 09:40AM Report Comment
 

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