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Thursday, July 30, 2009

'Fringe Cut' Fear for Landlords

Rental values on Edinburgh flats have seen falls of 10 per cent over the last three months.

An over supply of rental property has knocked down rents according to research by online letting portal Citylets, who are reporting rental falls for the second consecutive quarter.

'Fringe cut' for landlords likely
This years Edinburgh Festival could see a relative over-supply of flats and available rental property for the festival which could result in lower rents for visitors and further bad news for local landlords.

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