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pagaman

Kingston / Hampton

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Hi, guys.

I'm a FTB, I've got £100k inheritance & £100K _potential_ morgage,

so £200K max.

Anyway I'm talking to EAs & looking around. I've got till Sept before my rent needs to renewed.

So I plan on taking my time.

Talking to EAs I've come to the conclusion FTBs left the market last year.

The 2 I asked about the market last year, both described it as "awful".

From the sounds of things Sellers have been putting property on the market,

discovering they can't sell, then taking property off the market and renting it out.

I think the thing thats going to kill the market is rent.

The rents will go down to the point where the sellers will have to sell, as they won't be able to keep

up with their morgage repayments.

Its only when sellers _have_ to sell then you get a crash.

So far I've seen three propeties:

one at £199K was £210K, but the EA dropped the price, just to allow me to see it.

one at £175K was £179K

one at £155 was £159K

So does anyone have any historical data for rents?

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Hi, guys.

I'm a FTB, I've got £100k inheritance & £100K _potential_ morgage,

so £200K max.

Anyway I'm talking to EAs & looking around. I've got till Sept before my rent needs to renewed.

So I plan on taking my time.

Talking to EAs I've come to the conclusion FTBs left the market last year.

The 2 I asked about the market last year, both described it as "awful".

From the sounds of things Sellers have been putting property on the market,

discovering they can't sell, then taking property off the market and renting it out.

I think the thing thats going to kill the market is rent.

The rents will go down to the point where the sellers will have to sell, as they won't be able to keep

up with their morgage repayments.

Its only when sellers _have_ to sell then you get a crash.

So far I've seen three propeties:

one at £199K was £210K, but the EA dropped the price, just to allow me to see it.

one at £175K was £179K

one at £155 was £159K

So does anyone have any historical data for rents?

The nearest thing I could find was www.waybackmachine.org. If you look up findaproperty.co.uk, you can drill into a specific area and there's an average of rental property advertised in the last three months.

I pay less rent now for a 1-bed flat than I did five years ago in the same area.

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There is BIG problem in the Kingston area:

http://www.findaproperty.com/regi0002.html

Just one website lists 678 FOR SALE and 512 empty houses/flats for rent!

Surbiton has 644 empty BTLs on this website.

Talk about negative returns on investment. Surely this can't go on for much longer without an almighty crash that will reverberate for years to come.

Edited by Realistbear

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I've got till Sept before my rent needs to renewed. So I plan on taking my time.

The rents will go down to the point where the sellers will have to sell, as they won't be able to keep

up with their morgage repayments.

Are You trying to avoid Your rent being reduced???

Sign for periodic tenancy and take Your time, enjoy the life, get a higher paid job elsehwere, relocate at company expense without hassle of selling Your property...Plenty of ways to have a good time whereas Your prediction materialises.

HTH

Cheers

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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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