Monday, July 7, 2008
In Manchester, asking prices are up but real prices are down
"Don't believe all you hear about sky-high rental prices. News reports might suggest otherwise, but letting agents are reporting rents requested, not rents achieved. Ignore those ludicrous prices displayed outside and politely ask if they have anything cheaper on their books. In one instance, the morning rent was a risibly inflated £700. At midday, the price had shrunk to £600 and by the evening it was £500 (negotiable) inclusive of parking. Times have changed and the plethora of new flats should benefit tenants."