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“The market is being flooded with unsold stock that is not in a lettable condition,” says Lucy Morton, president-elect of the ARLA and head of lettings at W. A. Ellis in Mayfair, to TimesOnline.

“These properties will continue to be empty until they have been refurbished to the high standards expected by tenants. About 35 per cent of properties on the rentals market in Central London are not up to the standards required by discerning tenants. Of those, 20 per cent are simply not lettable because the owners either cannot or will not spend the money required to satisfy tenants.”

Read more: Landlords must get smart to attract tenants

This entry was posted on Friday, December 5th, 2008 at 2:29 am and is filed under For Tenant. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.