Friday, April 15, 2011

A mixed picture beyond the headline.

Average rents rise as first-time buyers struggle to raise deposits

Essentially London & SE are taking the hit in terms of rent increases; the rest of the UK are actually seeing decreases in rent. As an aside, I can't say i've seen any 'positive' effect of the Housing Benefit reforms; I guess i'd expected the 30th percentile calculations would translate in a slew of cheaper rental listings coming onto the market - perhaps these things just take time to work through the system.

Posted by sibley's b'stard child @ 11:19 AM (1669 views)
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10 thoughts on “A mixed picture beyond the headline.

  • things are about to go really bad soon for the housing market I feel it in my bones

    most shops around cheshire are very quiet

    motorways are getting quieter

    people are cutting back in a big way

    I cannot see the housing market clinging on to high prices much longer

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  • How do Landlords justify higher rents? If a young person can’t buy, then why should they be able to afford higher rents? Annual pay increased by 2% this year – for those lucky enough to get a rise, and not by 4.2%. This would suggest a large proportion of Landlords do not grasp the basics of economics.

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  • Mark – I was in Cheshire Oaks retail park a couple of weeks ago. Managed to get one of the last parking spots available, but we left after 40 minutes because the place was so rammed full of people.

    Will – on the contrary, landlords do grasp basic economics – their pay is rising below inflation, their food and fuel bills are rocketing, so they turn to the tenants in their BTL to make up the shortfall.

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  • Rant same with trafford centre but people are not buying just wandering around, didnt see many bags

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  • Indeed – the talent in Cheshire is quite reasonable.

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  • Sharp Decline says:

    Rents are not staying where they are out of London and the Southeast. I’m looking in Brum, Cheltenham and Bristol and the rates are very high in all three. Bristol is the worst. A total rip off.
    We need the fair-rent tribunal back. Even in the USA, they have something like that. In the recent documentary, Lemmy, the rockstar says he doesn’t want to move out of his flat because the rent is fixed so it can’t increase more than 6% a year. If they can do it in LA, why not slum island?

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  • greenshootsandleaves says:

    A bit of a hop, skip and jump (certainly one Jonathan Edwards would be proud of) from: (1) the average rent (has risen) to (2) average rents (have risen) and on to (3) rents (have risen).

    Statement (1) may be correct, but not necessarily for the reason given.
    Where’s the evidence for (2) and (3)?

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  • 5. rantnrave

    Good on ya!

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  • Crazycountry says:

    Can’t wait to rent a BUYTOiLET

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  • Crazycountry says:

    Matthew 5:5
    “Blessed are the BUYTOiLET investor, for they shall inherit the earth. …. ”
    You have been warned !

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