Spring Property Survey: Landlords Get Wise to a Gap in the Market
Lawson, David, The Independent (London, England)
THERE seemed to be a mistake in the auction details. The beaming couple, still shaking with excitement at winning the bidding battle for a modest suburban house, appeared to have bought their own home.
The flustered clerk quickly realised, however, that the address of the purchase was slightly different from that of the buyers. He was seeing the birth of a new landlord.
"There is at least one buyer taking a nearby property, often in the same street, in almost every sale we hold," said Alan Collett of the auctioneer Allsop& Co. "Usually this indicates they are ordinary home owners buying another property to rent out."
They will have passed the For Sale sign …
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Publication information: Article title: Spring Property Survey: Landlords Get Wise to a Gap in the Market. Contributors: Lawson, David - Author. Newspaper title: The Independent (London, England). Publication date: April 13, 1994. Page number: Not available. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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