Credit crunch its impact on the letting industry
Language: English Series: Letting Update Journal ; (16)3 October 2008, 14-17(4)Publication details: 2008Subject(s): Summary: Discusses the effects of the credit crunch on the lettings industry in the light of a marked rise in repossessions (particularly of buy to let properties, up by 93% from this time last year). While the Association of Residential Letting Agents (ARLA) remain positive, other market commentators and negative economic indicators seem to suggest more fallout is yet to come. The authors suggest ways in which alert property managers can be aware of potential problems with landlords and discuss the repossession cycle. Also looks at the rights of tenants in such cases, but suggests that these will always be secondary to the rights of the lender (and sometimes the landlord).| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L145520 (Browse shelf(Opens below)) | 1 | Available | 145520-1001 |
Discusses the effects of the credit crunch on the lettings industry in the light of a marked rise in repossessions (particularly of buy to let properties, up by 93% from this time last year). While the Association of Residential Letting Agents (ARLA) remain positive, other market commentators and negative economic indicators seem to suggest more fallout is yet to come. The authors suggest ways in which alert property managers can be aware of potential problems with landlords and discuss the repossession cycle. Also looks at the rights of tenants in such cases, but suggests that these will always be secondary to the rights of the lender (and sometimes the landlord).