Too many London rental properties leads to diving rents…
Posted on August 4th, 2008 by Mike Carter
According to the FT, rents in some parts of London have gone down by as much as 20%. Why? Because of all the excess stock that isn’t being matched by an increase in the number of people looking to rent. ‘Reluctant landlords’ take on a big part of the blame, but they don’t exactly want to be renting out their property either. More here.
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may be it is correct, this only some part of london. But city specially barbican, clerkenwell, bloombusy and islington rental property price gone up. And huge demand for rental properties last 3 months.