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Tuesday, January 13, 2009

A Shrinking ' Young Professional' Rental Class Could Hit BTL Landlords

As we see a decrease in new graduates finding decent employment we will also see a decrease in the ' young professional' tenant class.

This class of cash rich ( although often credit laden ) 20 -30 year old single or dinky (double income , no kids yet ) helped to fuel the BTL boom in apartment living, but with less and less new graduates securing graduate jobs, what lies ahead?

Well, this tenant class looks likeley to shrink, as more new graduates are forced to return to share the parental home or go into larger house shares to save on personal expenditure, to help pay off debts in these times of restrictive credit.

Less tenants demanding property could see continued falling rents in the 'young professional ' rental property market.

Further hits for city centre BTL landlords to come in 2009.

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