Thursday, Feb 26, 2009
The real supply and demand.
BBC: 'Rents down' amid flooded market
The cost of renting a home has dropped as frustrated property sellers have been flooding the market, according to two separate surveys.
Posted by peter_2008 @ 01:01 AM (514 views) Add Comment
4 Comments
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1. shining wit said...
Oh dear oh dear.
Another nail in the BTL coffin.
2. growler said...
All of which points to the fact that if you're not in ther market to buy, keep renting. I live in a area at the top of the average house price list. I moved from a 3 bed terrace to a completely redecorated 3 bed detached house with large garden for £300 less rent a month. After having agreed the new let, the existing LL dropped the rent to match.
I had to smile in the last paragraph when the agent basically said, it changes at a very local level. Always the same story: Nationally undeniable statistics, local bullsh##
3. it_is_going_with_a_bang said...
Most other investments seem to be under performing i see no reason why rental values should be immune. To be expected unless you work at Assetz - in which case it will no doubt come as a suprise. His Dark night won't turning to Dawn for a while yet.
4. str 2007 said...
Anecdotal
Just agreed a new rent for a new place.
There did seem to be a flood of rental property around Christmas, the majority of these have now been taken up.
The current landlord went for a rent increase, but is now re-marketing below that rent increase level (only £15) but clearly not a bullish landlord.
Got new place down from £900 to £850 per month ( started at £750 but they weren't having it ).
The ones left on the market now are over priced or nails or both. I have been watching closely and 'good' houses to rent have become few and far between in the last month.
Area (Winchester Hampshire).