Thursday, February 26, 2009

The real supply and demand.

'Rents down' amid flooded market

The cost of renting a home has dropped as frustrated property sellers have been flooding the market, according to two separate surveys.

Posted by peter_2008 @ 01:01 AM (909 views)
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4 thoughts on “The real supply and demand.

  • Oh dear oh dear.

    Another nail in the BTL coffin.

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  • All of which points to the fact that if you’re not in ther market to buy, keep renting. I live in a area at the top of the average house price list. I moved from a 3 bed terrace to a completely redecorated 3 bed detached house with large garden for £300 less rent a month. After having agreed the new let, the existing LL dropped the rent to match.

    I had to smile in the last paragraph when the agent basically said, it changes at a very local level. Always the same story: Nationally undeniable statistics, local bullsh##

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  • it_is_going_with_a_bang says:

    Most other investments seem to be under performing i see no reason why rental values should be immune. To be expected unless you work at Assetz – in which case it will no doubt come as a suprise. His Dark night won’t turning to Dawn for a while yet.

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  • Anecdotal

    Just agreed a new rent for a new place.

    There did seem to be a flood of rental property around Christmas, the majority of these have now been taken up.

    The current landlord went for a rent increase, but is now re-marketing below that rent increase level (only £15) but clearly not a bullish landlord.

    Got new place down from £900 to £850 per month ( started at £750 but they weren’t having it ).

    The ones left on the market now are over priced or nails or both. I have been watching closely and ‘good’ houses to rent have become few and far between in the last month.

    Area (Winchester Hampshire).

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