Nov 14
1
Research reveals the UK’s property black spots where prices are falling
Leave a comment »
Published by PropertyWire on Wednesday, 29 October 2014
Property buyers, sellers and investors are usually eager to hear about the latest real estate hot spots but now new research reveals the UK’s property investment black spots.
Property prices in some of the worst performing areas are falling by more than 7% per year with popular areas in London featuring prominently in the top 20 black spots compiled by Home.co.uk.
The firm’s research also shows that landlords’ return on investment is also on the slide, with 11 locations recording negative real percentage yield, which occurs when the value of the property depreciates by more than the annual rent. Moreover, it’s not just the North that is suffering price falls.
