I'm using online agencies to find an apartment in London, and some use the p/wk price, while others are listing "PCM." What did this mean?
2006-12-09 05:07:10 · 20 answers · asked by Kel 3 in Business & Finance ➔ Renting & Real Estate
Normally this means per calendar month, as opposed to per week (p/wk)...etc. But 5,416 seems extremely high, even for London. One hint, if it states per week, you normally have to divide this price by seven and then times it by 31 to get to the monthly rate, which will be higher than just to times it by four. A way of estate agents to make the price seem cheaper than it really is.
2006-12-09 05:44:15 · answer #1 · answered by Johanna F 1 · 0⤊ 0⤋
PCM does mean Per Calender Month and the example you give is a lot even for London... Is that for a flat in Buck Palace or something?
2006-12-09 05:16:14 · answer #2 · answered by Lara L 2 · 0⤊ 0⤋
PCM as already pointed out means per calender month 12 monthly payments of say £5416 due on say 12th of each month. work out at !.
So if you are looking for a place costing 12x£5416 monthly it will cost you a total of £64,992 k per year !
Weekly.If you divide that figure by 52 (weeks( £64.992) that means around £1250 rent weekly! or as a very rough guide only about $2500 per week, welcome to London, not many spots left at these reduced prices!!!!!
The price range to actually purchase the property you are thinking of renting would be in the region of £2 million to buy.(around 4 million dollars) and we dont have many of those left on our books at the moment , so get in before the xmas rush starts!!!!
What planet did you say you were from???
2006-12-09 06:18:27 · answer #3 · answered by budding author 7 · 0⤊ 1⤋
PCM means per calendar month and p/wk means per week
2006-12-09 05:15:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
This means you are charged rent Per Calendar Month- as some months are shorter or longer by a day they charge you and want the rent per month and not every 4 weeks.
2006-12-09 06:18:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
PCM = Per Calender Month.
So your example is only about £1,250 per week!
2006-12-09 05:09:09 · answer #6 · answered by winballpizard 4 · 0⤊ 0⤋
Per calender month
2006-12-09 05:18:22 · answer #7 · answered by taxed till i die,and then some. 7 · 0⤊ 0⤋
Per calendar month - instead of every four weeks.
2006-12-09 05:09:23 · answer #8 · answered by Bev H 2 · 0⤊ 0⤋
Per calendar month. Might I ask who is charging £5416. Buckingham palace maybe?.
2006-12-09 05:15:15 · answer #9 · answered by breedgemh_101 5 · 0⤊ 0⤋
the only time i've ever seen that is when it refers to per calendar month on wages or property.
2016-05-22 23:06:23 · answer #10 · answered by Anonymous · 0⤊ 0⤋