Wednesday, 5 December 2012

Buy me/Rent me

It's not often you see figures like this that reveal just how much return landlords are wanting from their property. A quick check on the estate agent's website shows that returns of between 7-10% per annum are being asked. Still, as they say, there's asking and then there's getting and perhaps one reason why so many commercial properties are standing empty is the high return demanded. Of course if rents were calculated on the actual value of the property instead of an inflated figure based on the purchase price at the height of the 'boom' then a great reduction would be seen. But we know empires would have to fall before that happens.

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