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London lettings demand is strong but so is supply

By: Language: English Series: Property Forecast ; 11(7) July 2008, 6-7(2)Publication details: 2008Subject(s): Summary: Describes the outlook for the London lettings market in the current financial downturn. Explains that strong demand is currently coupled with strong supply; as the property base grows thanks to 'unwilling' landlords who are renting their properties as a result of being unable to sell their properties at a suitable price. Suggests that now might be a good time for cash-rich investors to make multiple purchases, as house builders are under pressure to sell properties to clear balance sheets.

Describes the outlook for the London lettings market in the current financial downturn. Explains that strong demand is currently coupled with strong supply; as the property base grows thanks to 'unwilling' landlords who are renting their properties as a result of being unable to sell their properties at a suitable price. Suggests that now might be a good time for cash-rich investors to make multiple purchases, as house builders are under pressure to sell properties to clear balance sheets.