Residential rental flat-lines
Cash-strapped tenants in the long-term and holiday letting markets have become increasingly price-sensitive
05 December 2019 - 05:00
Buy-to-let investors would seem to have little to cheer about this festive season, as they battle to convince cash-strapped tenants to renew their leases at higher rentals.
Rental growth rates have languished at an average 3%-4% since early 2018, significantly down from the 7%-10% of three to four years ago. There has, however, been a small uptick in rental growth in the third quarter, according to PayProp’s latest quarterly rental index...
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