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Value of private landlord properties falls by £118bn

"In addition to a fall in the value of their property portfolios, rental yields have also come down because the market is now saturated with new rental properties as many homeowners look to rent their properties rather than sell."

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  1. Major Landlord says:

    I own 17 properties, mostly in West London. I stopped re-valuing my properties upwards in 2005, as I thought the market was over-heating and that prices would fall back again. I also stopped buying, beacuse asking prices were totally out of kilter with realistic rents. As a result, I don’t think I have “lost” anything, and I am sure I am not alone. Anyone with any sense would have done the same.

    Of course, if we are talking about the “get-rich-quick” property speculators who over-stretched themselves, re-valued every five minutes to obtain more borrowings, paid too much for their investement properties, and thought they would attract an endless queue of tenants ready to pay over the odds for badly-prepared property, then I am sure there are a lot of worried people looking at huge losses and negative equity. They inflated the bubble, and now it’s burst all over them. How sad.