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pipllman

Rent Rise Surge According To Rightmove

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  • Asking rents outside London jumped by 2.7% in the second quarter of 2015, compared to the capital’s smaller but still substantial increase of 2.0%
  • South East leads the way with a 4.1% increase, and rents are up across all regions except Wales (-4.1%) and North East (-0.5%)
  • In the past year tenant demand for rental property has hit an all-time high nationally with a 52% increase in email enquiries, the East of England seeing the highest increase, up by 64%
  • - Tenant demand hotspots are Essex towns of Grays and Southend

    - Within London highest demand in more affordable areas of Bexleyheath, Sidcup and Carshalton

  • Highest rental growth year-on-year outside London found in Bushey in Hertfordshire (+21%) and Deal in Kent (+13%)3, and in Battersea (+14%) within London

...The substantial rent rise this quarter will offer some encouragement for the buy-to-let sector, following the summer Budget’s announcement of a clampdown on tax relief...

http://www.rightmove.co.uk/news/articles/property-news/rent-rise-surge-as-rest-of-country-outstrips-london-%E2%80%93-high-tenant-demand-growing-most-in-the-east

Edited by pipllman

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There is only one key piece of data in the whole press release. It's the first word. *Asking* rents.

First time I've ever heard that term used by a VI like rightmove. Interesting.

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The last thing we need after the budget announcements is some new VI index hyping up rents to potential BTLers (and the MSM picking up on it and conveniently ignoring that magic word asking which makes all the difference to the data). Let's give this new RM initiative all the attention it deserves - ie, absolutely none.

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Let them have their deluded media orgasm.

Doesnt change the facts one tiny bit :-)

If it pulls in a few more people at the top who didn't do their research so be it.

Every market needs its greatest fool.

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The last thing we need after the budget announcements is some new VI index hyping up rents to potential BTLers (and the MSM picking up on it and conveniently ignoring that magic word asking which makes all the difference to the data). Let's give this new RM initiative all the attention it deserves - ie, absolutely none.

keep-calm-cos-they-don-t-like-it-up-em.p

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The biggest increase in asking rents in London is in Battersea, where there's been a huge increase in supply of high end flats along the river. I wonder how they account for quality mix in their starts.

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The biggest increase in asking rents in London is in Battersea, where there's been a huge increase in supply of high end flats along the river. I wonder how they account for quality mix in their starts.

If it`s anything like the asking prices for houses they don`t

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The biggest increase in asking rents in London is in Battersea, where there's been a huge increase in supply of high end flats along the river. I wonder how they account for quality mix in their starts.

I'm quite sure if one had paid £600k for a off plan 1 bed apartment, one would want quite a lot in rent once its erected.

Best of luck getting ones 'asking' price.

Dublin 2005-2007 anyone?

The stats will just average things. Again with the skewing VI rubbish. It would be an interesting thing to see how much of that supply is home to anything other than dust.

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Part of the references part of getting a rental is the earnings v rent section.

If you dont meet the criteria, they dont get the insurance and you dont get the place at that price, so, either the asking is negotiated down or the tenant walks.

simples.

Looking back at 6 years of no rises here, but there is no way any sales organisation can possibly know. Only the taxman could know, and he aint telling.

Edited by Bloo Loo

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There is only one key piece of data in the whole press release. It's the first word. *Asking* rents.

First time I've ever heard that term used by a VI like rightmove. Interesting.

Always good to check the 'most reduced' on zoopla. I just found 31 reductions on 2 bed flats £1k PCM to £2k PCM in Sw17, starting from about 13 % down.

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