You have to thank anti landlords campaigners for it, especially Shelter's CEO and George Osborne. When you tax landlords on turnover and increase regulations, landlords start selling up as they get into negative cashflow. With immigration go up and number of properties to rent going down, you end with rent increase and homeless crisis.
The UK has a split financial system, meaning London creates a two tier economy. People paying those prices, must be either financially illiterate or not having the mental ability to re-evaluate.
Answer to rental crisis Ex landlords wity experience should set up PRS funds raising money from Middle Eastern investors Or lanlords sell their properties ifvthey have accumulated eqiity take the pbœ and club together rotu
$41k average income for London is insane considering how high the taxes are in England
You have to thank anti landlords campaigners for it, especially Shelter's CEO and George Osborne.
When you tax landlords on turnover and increase regulations, landlords start selling up as they get into negative cashflow. With immigration go up and number of properties to rent going down, you end with rent increase and homeless crisis.
You can thank George Osborne and Section 24 of the 2015 Finance Act
Must be supernatural my friend just said this
Haha! Love that
Holy crap!
The UK has a split financial system, meaning London creates a two tier economy. People paying those prices, must be either financially illiterate or not having the mental ability to re-evaluate.
Answer to rental crisis
Ex landlords wity experience should set up PRS funds raising money from Middle Eastern investors
Or lanlords sell their properties ifvthey have accumulated eqiity take the pbœ and club together rotu