Another reason why house prices are unaffordable
Why are so many British homes empty? - BBC News
To most people, throwing away vast amounts of rent money while waiting for prices to go up might sound like economic madness. Not according to property expert Henry Pryor, who says investors leaving flats empty are in fact being highly calculating. The costs of letting, including wear and tear and administration, can outweigh any money taken from rent, he says.
Why are so many British homes empty? - BBC News
To most people, throwing away vast amounts of rent money while waiting for prices to go up might sound like economic madness. Not according to property expert Henry Pryor, who says investors leaving flats empty are in fact being highly calculating. The costs of letting, including wear and tear and administration, can outweigh any money taken from rent, he says.
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