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Have lenders rescued the btl sector?
... by refusing loans? New figures from the Royal Institution of Chartered Surveyors show buy-to-let mortgages shrinking, the availability of new rental properties slowing, demand and yields growing. Gross yields in the last quarter of 2007 rose at their fastest in two years. And it's possibly due (partly) to this that the big btl fire sale hasn't happened... with the percentage of landlords selling their properties after a tenancy ends dropping to 4.6% from 6.5%. More here.
Technorati Tags: property, real estate Comments
Think you could be right there. Prices out of reach mean an upturn in rental demand and landlords in this region of London (SE) have definitely started to raise rents. Still with all the incoming workers added to that who need places to live, I think the firesale will be on hold for a while longer
http://ashleylawrence.com
Posted by Ashley at
March 8, 2008 2:52 PM
Comments
this is a very interesting article!!!
Posted by property at
March 9, 2008 5:44 PM
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