(1888PressRelease)
September 26, 2007 - It is bad news for homeowners in the city, particularly landlords, many of whom may run into financial difficulty if they cannot charge higher rents.
With interest rates seemingly on the rise, the problems are set to be exacerbated and many people will be looking for a quick property sale in order to get the maximum price for their property.
Buy-to-let landlord with financial concerns. We will help your situation
"It's clear that apartments that are not in the core of the centre are proving less popular," said Dr Rachael Unsworth, author of a report on city living in Leeds.
"It is already a struggle for some owners in less sought-after properties to maintain rental and capital values - which in turn is a sure sign of more than adequate supply," she continued.
Many buy-to-let investors in the region may rely on the income from their investment properties to pay for treatment due to their ill-health or to help finance plans of moving abroad or relocating elsewhere in the UK.
This report will come as a blow to these people and may signal a growing trend in other British cities
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