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Time to raise the rents.

Up Go Those Rents

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http://www.whatmortgageonline.co.uk/news1/...p?unqueid=15953

Rental yields rise for first time in six months

Rental yield figures in England have risen from 5.87 per cent in the third quarter of 2005 to 6.03 per cent in the fourth quarter, says Landlord Mortgages.

Due to high house prices, London has consistently shown the weakest rental yields out of all the regions tracked, but yields in London also followed a positive trend showing a leap from 5.87 per cent in the third quarter to 6.27 per cent in the fourth quarter, putting an end to the steady decrease in rental yields shown over the last six months.

Lee Grandin, managing director of Landlord Mortgages, says: “Despite dire predictions for the future of the buy-to-let industry at the start of 2005, last year saw the overall market stabilize and remain healthy. Provided the economy remains stable and we don’t experience any sudden increases in the base rate, we firmly believe that 2006 will see a vibrant buy-to-let market across the UK with growth driven by increased consumer confidence and high demand.”

17/01/2006

You are welcome to have a go at this VI article. I just posted it for a laugh as I see it's full of holes. Like the one that says yields/rents up for first time in 6 months, what BS!!!!

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Rent yields automatically go up as prices drop. However, I really don't see who'd get excited about a 6% yield in the first place... IMHO anything below 20% is barely worth getting out of bed for.

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Don't see how rents can rise for ordinary (ie not executive) accom where I am in Herts/London border. Too many places To Let and not enough tenants it seems judging from the number of boards, does it make sense to put rents up if there's fewer tenants than places available? However, I am seeing some more Sold boards and Sale Agreed boards now, not sure if that means vendors have taken lower prices or what, can't check that yet. If lots of people are waiting for the slightest drop in prices and then jump in when that happens, prices won't drop that far maybe as that group may support the market. To see how much support, I suppose it depends how many are waiting for the slightest drop before buying.

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TTRTR's

By the nature of the sort of people on here I would point out that we have a lot of experience in the state of the rental market..

Trust me.. We llok around us for the current prices of housing (purchase and rent) and that is why we are all a lot happier in the last 14 months since the prices we are having to pay to rent became for the most part highly negotiatable..

and the prices we would have to pay to buy became closer and closer to where we want them..

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However, I saw an article on the Evening Standard at the newsagent saying the government is going to allow prostitutes to operate brothels in London flats, so maybe that's the new plan to prop up BTL for a while :) ?

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Don't see how rents can rise for ordinary (ie not executive) accom where I am in Herts/London border. Too many places To Let and not enough tenants...

Bingo.

Just renewed my rental for 1 year. Still paying less than one-third of the cost of a repayment mortgage on the same place.

Renting = The Smart Choice.

Nomadd

Ps. Property prices around here are still declining, so the saving is even greater. Where's Krustie and Phil to tell me rent is dead money? :D

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I dont know about the yeilds, but I can tell you that at the end of 05 we moved from a flat in SE16 paying £910/month to a flat in Chiswick paying £650/month(one less room) Both Flats overlooking the Thames.

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There you go. Increased demand for housing.....

:lol::lol:

Naw, they're already in flats - Gordy's just plotting a bit of legalisation, quickly followed by a tart tax. "So this year I will raise the tax on cigarettes by 6%, by tuppence a pint on beer, and by £5 per topless massage with hand relief"

So there'll be downward pressure on rents in knocking shops.

ps my familiarity with services in massage parlours is derived solely from reading the News of the World in the Chinese takeaway. Honest.

Edited by Leodhasach

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I did wonder, actually, whether Brown had worked out that by legalising prostitution he could tax it: must be a fair few quid of untaxed incomes there.

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I did wonder, actually, whether Brown had worked out that by legalising prostitution he could tax it: must be a fair few quid of untaxed incomes there.

I think the Inland Revenue has in fact gone after escorts and massage parlours in the past. Would be amusing if they had to start doing receipts for customers. Miss Whiplash could claim back the vat on her cat'o nine tails at least... :lol:

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It doesn't actually say rents have gone up. It says that rental yeilds have gone up. Which could mean that property prices have fallen.

It's funny, I've met loads of people who can't sell their houses this year, but I've not many anyone who has had to take a rent increase. But then what do I know? Last time my rent changed, it went down!

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onthat note i feel it should brothelized AND taxed. so its controlled by local government bodies rather than pimps and gangs on the streets. also health issues can be tackled properley as well as drug counciling.

lets face it. some people will always pay for sex and some women will always earn from sex.

may as well bring it into the relative safety of legislation.

another benefit would be tighter conrtols on pricing. for instance:

hand jobs at a standard £22.50p

oral work £32.75p

DVDA £20 per member.

Edited by right_freds_dead

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another benefit would be tighter conrtols on pricing. for instance:

hand jobs at a standard £22.50p

oral work £32.75p

DVDA £20 per member.

Would these prices be included in the CPI calculations?

Could lead to inflation.....

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DVDA £20 per member.

Bring back the pole tax??

If Gordy taxed by the inch, it might be the only tax where people falsified information in favour of the exchequer :lol:

5 years from now, will we hear a p1ssed off UK sex worker down the pub complaining about "these bl00dy Lithuanians - coming over here, nicking our jobs! Send 'em back!"

Edited by Leodhasach

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I've also just renewed for the third year on my flat at the same rent (which is cheaper to rent than to buy). In SW12 so round the corner from TTRTR's patch.

The flat is let and managed by a very reputable SW EA and every year they give me same crap about how inflation is currently running at x% and therefore there'll be an increase in the rent of £x per week. To date I have always replied in the same manner: "piss off and find a new tenant then". Funnily enough that seems to do the trick.

Hence, the point of this is to say that some figures are distorted by the fact that I believe many tenants blindly accept rental increases linked to inflation without considering what else is available to rent in the area (after all, it's quite a hassle to move). Looking around, I see that asking prices for flats like mine (to rent) are generally lower than they were 2 years ago. But as we all know, it's not a freely liquid market and its generally not worth moving if you're settled. Still - that works both ways and tenants need to reject any rental increases.

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  • 336 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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