The buy-to-let property market in the capital has peaked, according to one of Londons largest estate agencies, Winkworth.
The estate agent said that investors in Central London are beginning to sell as they fail to find tenants for their rental flats.
FPDSavills research team has warned new investors not to overstretch themselves as investors costs are going up just as their income is sinking.
Flats in some blocks are letting for more than 40% less than their initial asking rents.
The Times 25/05/02 page 13
