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Rents Fall At Fastest Rate On Record

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Rents fall at fastest rate on record

The rental value of UK homes is falling at the fastest pace for at least a decade, according to a new report.

The latest lettings market survey from the Royal Institution of Chartered Surveyors (Rics) shows that 55pc more estate agents reported a fall in rents rather than a rise in the three months to April, up from 48pc.

This is the largest negative result since the Rics survey began in 1999 and reflects an oversupply on the market as homeowners look to let properties rather than sell them during the downturn.

Some agents claimed that rents have fallen by up to 30pc from their peak.

However, the report also indicates increasing optimism among chartered surveyors, with a fall in the proportion forecasting further rental declines. A total of 25pc more agents are expecting values to decrease further, an improvement on the 41pc who saw rents dropping in the previous three months.

This is because of increasing signs the housing market is recovering and the sale of a property is easier and more viable.

Jeremy Leaf, a Rics spokesman, said: "Property transactions are starting to rise from very low levels and the influx of supply in the rental market has slowed as vendors begin to find buyers.

"Demand for rental property is still high but tenants have been able to take advantage of a flooded market to negotiate lower deals. Even so, the downward pressure on rents should ease in the coming months, providing some good news for landlords."

Buy-to-lose...

What a complete shell game this past few years of rampant property speculation has been.

Goes to show you though that renting is most definitely not dead money.

Edited by cashinmattress

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Rents fall at fastest rate on record

Buy-to-lose...

What a complete shell game this past few years of rampant property speculation has been.

Goes to show you thought, that renting is most definitely not dead money.

Not quite sure where their 'optimism' for the next few months is coming from.

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Not quite sure where their 'optimism' for the next few months is coming from.

wonderful news for the BTL crowd :)

whom priced me and my family out of the market, forced us to rent from bad landlord after bad landlord, always having my own personal over lord wanting to inspect every few months, intruding in my private life and the one before that whom even let himself in whilst we were out (his empty over priced property sill on the Market).

Hope the lot of them go down the pan.

As for me, well i had to turn to the state in the end after losing thousands moving all the time because of un-regulated mickey mouse landlords whom i was assured were all professional! Just goes to show how lax professionalism is in the UK flucking joke!

At least my rural council came through for me and offered me a nice council house where only i have a set of keys with a reasonable rent of £265 a month....... Phew

been to hell and back i have

May BTL have to endure what i have just trying to give a family basic shelter, maybe everyone needs to go through that learning curve before they get into speculating with other peoples lives

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It appears that we will soon be seeing who really are the professionals in BTL and who the rank amateurs are who where out to make a fast buck.

Those who entered this sector for the fast buck I fear will get badly burned. The professional who understood the market should mostly be fine unless they too got greedy.

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wonderful news for the BTL crowd :)

whom priced me and my family out of the market, forced us to rent from bad landlord after bad landlord, always having my own personal over lord wanting to inspect every few months, intruding in my private life and the one before that whom even let himself in whilst we were out (his empty over priced property sill on the Market).

Hope the lot of them go down the pan.

As for me, well i had to turn to the state in the end after losing thousands moving all the time because of un-regulated mickey mouse landlords whom i was assured were all professional! Just goes to show how lax professionalism is in the UK flucking joke!

At least my rural council came through for me and offered me a nice council house where only i have a set of keys with a reasonable rent of £265 a month....... Phew

been to hell and back i have

May BTL have to endure what i have just trying to give a family basic shelter, maybe everyone needs to go through that learning curve before they get into speculating with other peoples lives

Spot on my friend, I hope they all go bankrupt. Be sure to raise a glass when that rancid c-nt Thatcher, architect of the AST, kicks the bucket.

A generation has been lost to a boomer greed-induced bubble, pushing people from pillar to post and intruding on their lives in the name of "inspeckshuns, innit"

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So either the Govt inflation figures are wrong (CPI says rents are up 1.5% on the year, 0.2% down on last month) or this report is wrong or the effects on inflation are yet to filter through.

As rents are over 11% of CPI this could keep quite a lid on inflation if correct.

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Spot on my friend, I hope they all go bankrupt. Be sure to raise a glass when that rancid c-nt Thatcher, architect of the AST, kicks the bucket.

A generation has been lost to a boomer greed-induced bubble, pushing people from pillar to post and intruding on their lives in the name of "inspeckshuns, innit"

Thanks hoping your not taking the piss

Whom ever is nieve enough on this site to think Thatcher did anything outstanding for this country is in my opinion: delusional

Today Thanks to her we have zero energy security

NORTH SEA OIL AND GAS Saved the UK NOT MARGARET THATCHER!!!!!!!!!!!!!!!!

go on BBC IPLAYER and type in north sea oil you will see a documentry al about It!

Thatcher did not save us - oil and Gas did! Now it's gone, the sooner we realize this we will be able to make the changes needed

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A house near me had a sold sign on it three years ago...now it has a to let sign on it, I have been driving past it for the last six weeks and it is still to let. :unsure:

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A house near me had a sold sign on it three years ago...now it has a to let sign on it, I have been driving past it for the last six weeks and it is still to let. :unsure:

There are literally thousands of them in little ol' Edinburgh.

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Thanks hoping your not taking the piss

Not at all! For once, I made a non-sarcastic post

So either the Govt inflation figures are wrong

:lol:

You probably don't want to be hiding there

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A house near me had a sold sign on it three years ago...now it has a to let sign on it, I have been driving past it for the last six weeks and it is still to let. :unsure:

My Heart Bleeds for the owner :)

Tell him i have a spare hundred if he needs to borrow it to help him through.

Thank god the days of smugness are over - cant wait until reality hits those i work with. 6 years of renting is dead money and being mad to look like the loser in the corner because i dont have a top range merc or Range Rover and half a dozen houses that i am renting out Phew at last

justice is being done

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Thanks hoping your not taking the piss

Whom ever is nieve enough on this site to think Thatcher did anything outstanding for this country is in my opinion: delusional

Today Thanks to her we have zero energy security

NORTH SEA OIL AND GAS Saved the UK NOT MARGARET THATCHER!!!!!!!!!!!!!!!!

go on BBC IPLAYER and type in north sea oil you will see a documentry al about It!

Thatcher did not save us - oil and Gas did! Now it's gone, the sooner we realize this we will be able to make the changes needed

I think you have it rse backwards young man. IMV, North sea oil and gas didn't save the UK, it saved Thatcher.

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I think you have it rse backwards young man. IMV, North sea oil and gas didn't save the UK, it saved Thatcher.

Agreed

but in my mid forties as i am, i like the way you called me young man :)

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wonderful news for the BTL crowd :)

whom priced me and my family out of the market, forced us to rent from bad landlord after bad landlord, always having my own personal over lord wanting to inspect every few months, intruding in my private life and the one before that whom even let himself in whilst we were out (his empty over priced property sill on the Market).

Hope the lot of them go down the pan.

As for me, well i had to turn to the state in the end after losing thousands moving all the time because of un-regulated mickey mouse landlords whom i was assured were all professional! Just goes to show how lax professionalism is in the UK flucking joke!

At least my rural council came through for me and offered me a nice council house where only i have a set of keys with a reasonable rent of £265 a month....... Phew

been to hell and back i have

May BTL have to endure what i have just trying to give a family basic shelter, maybe everyone needs to go through that learning curve before they get into speculating with other peoples lives

god what a drama queen. Dry your eyes you sensitive soul.

Who would have rented from if there were no BTL properties. Are there any families in the UK without shelter?

Now the tax payer is subsidising your rural council home so who's the freeloader?

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nohpc

:lol::lol:

Who would have rented from if there were no BTL properties.

Common retort this one, and completely nonsensical as are most Bull cliches

No BTL = cheaper houses and more state provided housing

You know, like the boomers had

BTL didn't save the world, it created a problem and then set about fixing it

Now it's eaten itself :lol:

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god what a drama queen. Dry your eyes you sensitive soul.

Who would have rented from if there were no BTL properties. Are there any families in the UK without shelter?

Now the tax payer is subsidising your rural council home so who's the freeloader?

I knew i would get a response from some silly 20 something Knob head

I remember a time when there was no such thing as BTL's

Your mum was probably feeding you whilst i was preparing to go out to work again to make sure you got your free schools meals whilst your dad was on the dole, only thing is you were too young to remember, then i went and worked for your school books and some more - me and your dad, we both did it. And if your are articulate enough to post on housepricecrash.co.uk then we didnt do a bad job did we?

Now go and play world of warcraft or something!

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:lol::lol:

Common retort this one, and completely nonsensical as are most Bull cliches

No BTL = cheaper houses and more state provided housing

You know, like the boomers had

BTL didn't save the world, it created a problem and then set about fixing it

Now it's eaten itself :lol:

well said

try telling that trolling idiot the truth, young fool he is.

I want to know how he is subsizing my HA?

Since they are non profit and plow any profit back into more housing? Sounds like how John Leiws run there business model?

hey but what do they know?

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Have said it before and I'll say it again...moved to London 10 years ago, have moved every year so know the rental market pretty well...I reckon rents have done ZERO in a decade...I could go and rent the same place I got in 1999 for the same price.

Oh, and just negotiated my current rent down ~10%. Walked away from last years despite being offered 17% off. Once you are IN a place, you have a lot of power to negotiate lower (especially if you're a hassle-free tenant) as landlords dont want any void periods.

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Those who entered this sector for the fast buck I hope will get badly burned. The professional who understood the market should mostly be fine unless they too got greedy.

Fixed that for you

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Thanks hoping your not taking the piss

Whom ever is nieve enough on this site to think Thatcher did anything outstanding for this country is in my opinion: delusional

Today Thanks to her we have zero energy security

NORTH SEA OIL AND GAS Saved the UK NOT MARGARET THATCHER!!!!!!!!!!!!!!!!

go on BBC IPLAYER and type in north sea oil you will see a documentry al about It!

Thatcher did not save us - oil and Gas did! Now it's gone, the sooner we realize this we will be able to make the changes needed

You are wrong mate. The Falklands saved her.

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:lol::lol:

Common retort this one, and completely nonsensical as are most Bull cliches

No BTL = cheaper houses and more state provided housing

You know, like the boomers had

BTL didn't save the world, it created a problem and then set about fixing it

Now it's eaten itself :lol:

It was great when I was growing up. The LL was the Council-everybody I knew had a go at them. Not a smug LL in sight. Great days. "You never had it so good"-how true.

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Rents fall at fastest rate on record

Buy-to-lose...

What a complete shell game this past few years of rampant property speculation has been.

Goes to show you though that renting is most definitely not dead money.

Let's think about this for a minute, shall we?

Typical BTL mortgage -> BOE base + 2%

BTL interest rate a year(ish) ago 7%

BTL interest rate now 2.5%

That's a reduction of 64% in the cost of servicing the mortgage.

What's the problem for the BTL landlord?

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