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Wednesday, November 16, 2011

Big landlord seeks bigger cake

Grainger the UK's largest listed residential landlord, are predicting that the private residential rental sector will double over the next 15 years.

This sounds like wishful thinking to me and Im sure its the kind of prediction that places a fat, moist tongue directly in the ear of all their shareholders, but I dont share there adventurous optimism.

“There is a new housing reality dawning on Britain: the financial crisis has tightened mortgage lending; house prices continue to be uncertain; and, frankly there are simply too few homes for the demand,” said Nick Jopling, the company's executive property director. “More and more people are renting.”

Let's wait and see.

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