6 ms·
Thing is: people are correct. Central London monthly rent for a 3-bed house is around £3500, but a 1-bed flat rents for £2100. So split the house into two flat
by JohnCClarke 1y ago
Thing is: people are correct.
Central London monthly rent for a 3-bed house is around £3500, but a 1-bed flat rents for £2100. So split the house into two flats and the landlord makes more money.
Hence relaxing zoning restrictions will push prices up.
- lokar 1y agoNone of these models work at such a small scale. The economics are regional. It’s likely that highly desirable locations like central London and manhattan will always be expensive. That’s fine.