We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What's happening to rents?
LydiaJ
Posts: 8,083 Forumite
I'm renting at the moment, but hoping to buy in the next couple of years. I've just started watching the market for houses to buy in the town where I live.
I wasn't really thinking of moving to another rented property, but this evening I thought I might just take a look at what's out there and how my rent (unchanged in 3 years) compares with what's available now. I browsed Rightmove for houses in my town that are max £100pcm more than I'm paying at the moment, and min same number of bedrooms.
It listed 14 properties, and every single one of them had something from Propertybee about today's date - 8 properties whose prices had dropped and 6 new entries.
OK so they could have been listed or dropped a little while ago but not looked at by any members of Propertybee, so that Propertybee would only know about the change when I looked at it this evening, but even so, that looks as though it might be the beginning of a rent crash to me.
Is it everywhere, or just where I am? Or does everyone know it's been going on for a while and I've only just woken up and noticed?
I wasn't really thinking of moving to another rented property, but this evening I thought I might just take a look at what's out there and how my rent (unchanged in 3 years) compares with what's available now. I browsed Rightmove for houses in my town that are max £100pcm more than I'm paying at the moment, and min same number of bedrooms.
It listed 14 properties, and every single one of them had something from Propertybee about today's date - 8 properties whose prices had dropped and 6 new entries.
OK so they could have been listed or dropped a little while ago but not looked at by any members of Propertybee, so that Propertybee would only know about the change when I looked at it this evening, but even so, that looks as though it might be the beginning of a rent crash to me.
Is it everywhere, or just where I am? Or does everyone know it's been going on for a while and I've only just woken up and noticed?
Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
0
Comments
-
It's been happening in many areas on a lot of properties. But you can only really benefit from a lower rent if you are going into rented or moving. If you're in a house you're probably not in a good position to negotiate a rent down.
Or, if you are already in the cheapest property there is, you won't find they get cheaper probably (I know because I keep looking and am in the cheapest there is). Most downward movement is probably in 2-3 bed houses.0 -
Thanks PasturesNew
I'm not really thinking of moving to another rented property. I might be able to get a slightly lower rent, but I'd have to weigh that against the cost of moving, not to mention the hassle. (I'm a working single parent with two kids of primary school age.)
My goal is to buy within 3 years at most. If I can't achieve that, I'll move into another rented house in 3 years time. This house is fine for now, but not the catchment I want to be in when it's time to apply for secondary school places for my son (which, as you'll have guessed, will be in 3 years).
I wouldn't ask my landlords for a drop in rent unless there were a really exceptional reason. They're good landlords, and I don't want to damage the relationship.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
Take a look here:-
https://lha-direct.therentservice.gov.uk/Secure/LHARateSearch.aspx
between April and October.0 -
Rents falling substantially here in SE16.Hurrah, now I have more thankings than postings, cheers everyone!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards