U.k. Home Rents Fall Due To Snow

[Realistbear]

http://www.bloomberg.com/news/2011-01-21/u-k-home-rents-fall-for-first-time-in-almost-a-year-lsl-property-says.html

U.K. Home Rents Fall for First Time in Almost a Year on Weather, LSL Says

By Svenja O’Donnell and Scott Hamilton - Jan 21, 2011 12:01 AM GMT

A gauge of U.K. residential rents fell for the first time in almost a year in December as landlords cut letting fees and cold weather deterred potential tenants from viewing properties, LSL Property Services Plc said.

Nothing to do with the fact that rents do not match wages in an economy where jobs are beind shed with more part time jobs taking their place then?

[Pent Up]

That's funny.

More likely that Market is being flooded by 'accidental landlords'

[@contradevian]

Hang on not long ago we were told that rents were soaring and that BTL investors should get in quick. You mean they were lying?

[Papa Serf]

When does the housing benefit limits come in to effect. That will make a big change.

[Tired of Waiting]

When does the housing benefit limits come in to effect. That will make a big change.

Good question. IIRC, I think it was supposed to start near the end of the year, but the gov. brought it forward to April.

In my area the estimates are that it will be cut by around 5% per year, for 2 years.

Not enough actually, IMPO.

[benn]

Increasingly desperate headlines in an increasingly desperate economy.

[Topher Bear]

I'd better get in touch with my landlord and demand my 'cold weather rebate'

[Bloo Loo]

Sorry, cant view today as my gutter is feeling rather comfortable...the snow keeps us nice and warm.

Its more 8ollox of course...people rent because they need a roof over their heads....they dont view for fun, and they dont not view if they need somewhere.