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There is not much of a rental market for these £1m flats which to cover costs would have to rent at £40-50k a year. The number of people who can afford this us
by justincormack 12y ago
There is not much of a rental market for these £1m flats which to cover costs would have to rent at £40-50k a year. The number of people who can afford this us minute.
- NotableAlamode 12y agoTrue, but rent and property value are strongly positively correlated, so there would also not be a very liquid market for buying and selling such flats. That would make it even worse as a speculative investment. ` I'm not saying such speculative investment doesn't exist, I just doubt it is as ubiquitous a phenomenon as claimed.