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From: Kevin Fielding
Hi All.
I read a post regarding buying in areas where the proportion of rentals should be around 25% of the total properties.
If the proportion of rentals was around
25-40% there would be more competition for rental accom that would drive the rent(yield) down.
Is this true?
Conversely if the proportion of rentals was around 18-20% this would increase demand for rental accom and drive the rent up. Is this true?
When looking for an IP is it best to rely on the first scenario or the second? As the worst thing that could happen is having your IP vacant for long periods.
Can someone please help.
Kevin
Hi All.
I read a post regarding buying in areas where the proportion of rentals should be around 25% of the total properties.
If the proportion of rentals was around
25-40% there would be more competition for rental accom that would drive the rent(yield) down.
Is this true?
Conversely if the proportion of rentals was around 18-20% this would increase demand for rental accom and drive the rent up. Is this true?
When looking for an IP is it best to rely on the first scenario or the second? As the worst thing that could happen is having your IP vacant for long periods.
Can someone please help.
Kevin
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