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rents under pressure but stabalising
Recent figures from the Royal Institution of Chartered Surveyors (RICS) reported that the number of surveyors reporting a fall rather than an increase in rents rose from 48 per cent to 55 per cent, the highest proportion since it began the survey in 1999. Landlords’ gross property yields were falling for the first time since April 2007, indicating that rents were declining at a faster pace than house prices.
We are seeing sales of rental property in Bournemouth, Christchurch and Poole agreed at yields between 5% and 8% depending on the quality of property and expected capital appreciation.
© YOUhome® Published 23/06/2009