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Strange Goings On In Gloucestershire

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I rent in Gloucestershire where house prices are higher than sky high.

I'm starting to see houses sticking on rightmove and maybe the odd reduction. However, maybe the first real sign of buyers getting truly cold feet arrived on my doormat today.

Posh EA has sent a letter 'urgently requiring apartments and family houses for high quality tenants due to recent high levels of activity in the rental market'.

Never seen anything like it before. Must be all those STRs . Or maybe like me no one can afford to buy a thing round here ;)

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Isn't there a local shortage of rented housing because of the flooding? With insurance companies paying the rent anyway for displaced families, it's bound to push up rents locally in the short term.

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Isn't there a local shortage of rented housing because of the flooding? With insurance companies paying the rent anyway for displaced families, it's bound to push up rents locally in the short term.

Hells bells, you are absolutely right. If I'd have thought about it before I got excited I would have drawn that conclusion too.

We didnt suffer in this neck of the woods, but it is a big area for 2nd home owners and the EAs are targeting them I guess. I think people from other parts of the county will need to cast their net wide to find somewhere.

Mind you, I cannot see any 2nd homeowners round here agreeing to let their rural retreats to flood victims. They just dont need the money or the wear and tear on their Cath Kidston soft furnishings!

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I'm not sure what this means. I received a similar advert through, I'm in the West Mids where even the local EAs are publicly saying the rental market is flooded [no pun intended].

Apparently the reason for this is houses that won't sell and sellers who won't lower their prices letting for a while to see what happens.

I think they are just targeting that demographic with these ads. After all, if you are already a BTL or whatever, I think you can be expected to be proactive in seeking tenants/representation.

So what I'm saying is I suspect this is just a function of low volume in sales on the EA side and trying to drum up lettings to keep the business ticking over, not necessarily high demand.

Listing a rental property costs an EA next to nothing after all.

Edited by Cogs

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One idea, it could be stressed out London living has caused a run for the countryside. Property in and around London can fetch a higher rental price, so why sell it with all the costs involved...Rent in a place where you think you might like to settle, then you can always run back to what you know, if the slower pace of life did not live up to your expectations. ;)

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I also rent in Gloucestershire and noticed some very strange goings on recently. I live in a small village and most houses that come onto the market sell really quickly and for ridiculous amounts of money. Over the last few days 5 houses that had been sold stc have suddenly come back onto the market - given that this is more than half of what is currently on in the village this seems like rather a strange coincidence! Maybe this is a faint glimmer of hope that the stupid prices things have sold for around here might be coming to an end...at the same time don't want to get my hopes up too much!! :rolleyes:

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