Dominant buy to let investors squeeze out home buyers
Series: RICS Press Release ; (pr018) 25 February 2004 (3)Publication details: 2004Subject(s): Summary: RICS "Residential Lettings Survey for Great Britain" for the three months to end of January 2004 shows first time buyers are being squeezed out of the housing market by buy-to-let investors who become the landlords of those who would otherwise be owner-occupiers. 21% of RICS members report rises in the number of house lettings, up from 13% in the previous quarter. Rents have increased modestly across Britain in the last three quarters; a net 12% more surveyors reported a rise in rents than a fall, up from 5% in October last year. For the RICS residential lettings survey for Great Britain" http://www.rics.org/ricscms/bin/show?class=MarketS urvey&template=/includes/showmarketsurvey.html&id= 82For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1131| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4008-08 (Browse shelf(Opens below)) | 1 | Available | 125222-1001 |
RICS "Residential Lettings Survey for Great Britain" for the three months to end of January 2004 shows first time buyers are being squeezed out of the housing market by buy-to-let investors who become the landlords of those who would otherwise be owner-occupiers. 21% of RICS members report rises in the number of house lettings, up from 13% in the previous quarter. Rents have increased modestly across Britain in the last three quarters; a net 12% more surveyors reported a rise in rents than a fall, up from 5% in October last year. For the RICS residential lettings survey for Great Britain" http://www.rics.org/ricscms/bin/show?class=MarketS urvey&template=/includes/showmarketsurvey.html&id= 82For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1131