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The Masked Tulip

Reduced Rents

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It wa very nice to see in the local Swansea property paper last night several properties in the lettings sections with 'reduced' labels on them.

Landloard/Agents having to reduce their asking price for rents is always a good sign... especially when you see the same houses in BOTH the lettings and the for sale sections...

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It wa very nice to see in the local Swansea property paper last night several properties in the lettings sections with 'reduced' labels on them.

Landloard/Agents having to reduce their asking price for rents is always a good sign... especially when you see the same houses in BOTH the lettings and the for sale sections...

I think this aspect of houses for rent and for sale is under-discussed on this board - did we see this phoenomena during the last crash. I would say that at least 1 in 4 places that I have visted for potential renting is also on sale.

Edited by bubble

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In my part of the world HPs have risen so dramatically that it seems the people who are now wishing to sell or rent their property, whichever comes first, are asking absolutely ridiculous rents.

In fact, just doing a quick check of the properties available for rent in my local property rag highlights this as there are some amazingly big, wonderful properties that having an asking rental price CHEAPER than many other smaller or, IMPO, less desirable properties.

I can only assume that the people asking the higher rents are either greedy or simply desperate to get their ridiculously sized mortgages covered... or both. IMPO they are charging South East HPs and rents in a part of the UK which has some of the lowest salaries in the UK.

I've also noticed an increase in the number of EA advertised auctions so interesting times ahead.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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