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'Greedy landlords are cashing in and forcing us out of town'

BBC Business LogoBBC Business2d ago

'Greedy landlords are cashing in and forcing us out of town' - BBC Business

Quick Summary:

Some locals say rent hikes prompted by an influx of construction workers are pricing them out.

Ms Ashford says: "My whole life depends on me being here, but the greedy prices and extortionate rents are affecting the rest of the market."I feel very angry and I think what is happening in Leiston is criminal.

Mr Day believes the demand for accommodation will soon spread far beyond Leiston as workers begin to travel in on park-and-ride buses from Wickham Market or Darsham."So...the catchment area for accommodation for contractors is going to be absolutely vast, stretching from Lowestoft to Ipswich to Felixstowe."With time, the reach for properties is going to be huge, and that might well mean that Leiston becomes less relevant.


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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 00:42:45 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1812 words

Reading Time: 11 minutes read

Sentences: 55 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27454820

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 16 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/greedy-landlords-are-cashing-in-17433821757058

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