n Personal Finance Newsletter - Don't buy to let : property - local
|Article Title||Don't buy to let : property - local|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jul 2005|
|Pages||3 - 4|
Extracted from text ... Moneyweb's PERSONAL FINANCE July 2005 3 PROPERTY - LOCAL Don't buy to let Demand for rented space dampens By CHRIS NTHITE DON'T buy another house or apartment with a view to letting it out, warns property economist, Erwin Rode. And, he adds, rather rent than buy the roof over your head in the current market. Rode notices a paradox in the current market. It seems logical, he says, to conclude that the more unaffordable houses become, the more rentals will increase. "And if home prices have risen faster than salaries, fewer people would buy their own homes, more people would ..
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