Wednesday, March 4, 2009

Rents on the way down just like house prices

BTL-Rental properties flood the market

8% rise in the amount of rental properties advertised in one month alone. Rents dropping-supply outstrips demand !!

Posted by johnnyp @ 08:14 PM (971 views)
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6 thoughts on “Rents on the way down just like house prices

  • Can’t sell for a reasonable price? You could always let it out for a year or two and rent a smaller place.

    People taking this as a serious option, want to think long and hard, because rent (on a more modest place)+a mortgage you couldn’t afford is the road to ruin. It only takes one 6 month void or one awkward tenant and your looking at huge hole in you finances.

    Seriously if you want to do this, make sure you move back in with mum/dad or nan/grandad as the “To Let” signs are going up like flak on a dark night in 1940.

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  • little professor says:

    It’s OK, the capital appreciation will make up for the loss of income.

    Oh, wait….

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  • I think, little prof, that you are forgetting that these intelligent investing entrepreneurs are in it for the long term.

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  • I can’t wait for the second wave of BTL bankruptcy when house prices become affordable on mass and they find that they have fewer

    tentants as well as nursing a big loss. In it for the long term. D’oh!

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  • for crying out loud, don’t these people know that there’s a property shortage?

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  • Patient Ftb says:

    Viewed a house recently that was on the market to let at £1,250 pcm or for sale at £400k. Nice place – considered making an offer at £1,100 pcm but was called out of the country at short notice. Recently the vendor dropped to this price and has dropped again to £995ppcm and £340k. Might now make an offer at £900 pcm. People are hurting out there.

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