Monday, Jan 14, 2019

Have landlords forgotten to implement threatened rent rises?

Graniard: Has the Brexit vote saved London tenants 1,800 pa in rent?

“Many landlords will have been looking to offset the government’s punitive tax regime by raising rents. However, the uncertainty surrounding Brexit has forced the vast majority to forfeit this to maintain a steady income.”
Time to look at ratcheting up recurring property taxes in general now that the grown-ups' predictions of no adverse effect on prices have come to pass?
ARLA et al are strangely quiet on this one. Imagine if they do manage to get the tax rise overturned, will they immediately drop rents? Luckily there's no political will to do this for the foreseeable future, who are landlords going to vote for - Corbyn?

Posted by mombers @ 10:24 AM (657 views)
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1. tenyearstogetmymoneyback said...

Quite possibly. Like most things it is down to supply and demand. I think I have mentioned before that in the 1990s some colleagues were working on a Government IT contract in London. They were renting a flat in Docklands because it was "really cheap". It might become cheap again if companies start moving their headquarters to mainland Europe.

Wednesday, January 16, 2019 10:19PM Report Comment
 

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