Wednesday 30 May 2007

The Debt Disaster: Rents soar as rate rise squeezes buy-to-lets

Ed: As this is a bit of a personal campaign, I will be moving posts to the Ugley Vicar blog in future.

Landlords are ratcheting up rents at the fastest and most sustained rate in almost a decade, as those involved in the buy-to-let market struggle to make money from their investments.

The revelation came as economists warned of growing cracks in the property investment sector, where the gross yields landlords can hope to make are now falling at the fastest rate in three years, even before the impact of four increases in interest rates is taken into account. Read more

No comments: