Hi Guys
Interesting comment made in Tony Alexander's weekly newsletter tonight.
The comment is not made by Tony.
He also suggests that borrowings should be fixed for three years.
Regards
Interesting comment made in Tony Alexander's weekly newsletter tonight.
The comment is not made by Tony.
“I agree with your comments on why housing prices could soften off. There is also the effect of a looming
glut in rental accommodation. Look at the To Let ads. Many are repeated time after time. Yet this is
traditionally the best time in the year to let. And 100s more apartments are coming on to the market. And
new Asian students appear to be dropping away very sharply. Investors in flats are in for a shock. Lower
rents just to get a tenant and interest rates probably nearing 10% within 12 months.”
glut in rental accommodation. Look at the To Let ads. Many are repeated time after time. Yet this is
traditionally the best time in the year to let. And 100s more apartments are coming on to the market. And
new Asian students appear to be dropping away very sharply. Investors in flats are in for a shock. Lower
rents just to get a tenant and interest rates probably nearing 10% within 12 months.”
Regards