Overpricing Stopped By Agents
Landlords are checking the boundaries leaving first-time buyers at risk of being priced out of both the rental and sales markets:
Financial Times: Landlords told to lower unrealistic rents
Savills has stopped accepting new rental stock at its Canary Wharf office and said it was being “very choosy” about what it took on in other areas. Knight Frank said up to 40 per cent of its rental properties across central London were over-priced by 5-10 per cent, as landlords sought unrealistic rents.
[...] briefly mentioned the problem yesterday – about the fact that there are more and more tenants who no longer can afford the place they have [...]