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Rents Rising.
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article6733941.eceConsecutive rental rises suggest that the UK housing market may have hit bottom, according to the latest index from FindaProperty.com. It saw rents rise for the third time since March to an average of £825 per month, suggesting a recovery in lettings. The data also showed that rental stock has fallen for the second month running, but remains 68% higher than in July 2008.
Interesting.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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I don't know why you post this rubbish Hamish, really I don't.0
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Please explain why this is rubbish when rent falls have been discussed before on this forum?
Or is this the usual, 'rises = rubbish, falls = valid' argument?0 -
The Consumer Prices Index (CPI), 11% of which is rents, has been rising for the last few months, so it's hardly a surprise.0
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This quote here has been touted since March......
If it's said everyday, one day it will be right. Just a reminder though....in the last crash this line was first used in 1991, the bottom was found eventually in 1996. From 1993 the economy was starting to improve on the back of strong fundamentals (IR's lowering, taxes lowering, unemployment lowering etc..) yet the housing market still fell for 3 years.UK housing market may have hit bottom
This time all those fundamentals are moving in the opposite direction, on the back of these facts, I'll leave it to the intelligent members of the board on where they perceive the market will go over the next 5 years.0 -
Yes....it's 1991 all over again. The rate of decline has decreased so some people call the bottom. It will be the bottom when unemployment starts falling IMO...in 1996....I mean 2014.0
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Haven't really noticed rents rising over the last 5 years or so tbh. may be different outside LondonPrefer girls to money0
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It saw rents rise for the third time since March to an average of £825 per month, suggesting a recovery in lettings. The data also showed that rental stock has fallen for the second month running, but remains 68% higher than in July 2008.
Looks a bit suss to me, or maybe there was a massive drop between July 08 and March 09 (or we've been invaded and nobody told us...).0 -
In Feb/Mar 2007 my mate stopped renting a flat, in July I was looking for one and he suggested I look at his old flat, so we found it online.... it had been £365/month when he had it, the landlord wanted £450 in July ... I couldn't afford that. I'd have taken it at £365. Cheapest 1-beds are still £450, I've been looking... I'd like a bedroom (and a bath and a freezer), but I just can't afford them. If they all go up again, I'll move and find an entirely new area.0
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I don't know why you post this rubbish Hamish, really I don't.
why is he posting rubbish??
did it not suit your viewpoint or don't you like the truth?
here's the original report showing that rental asking prices have been on the increase as well as the supply decreasing with the exception of London.
http://www.findaproperty.com/media/rental-index/FindaProperty_Rental_Index_Jul_09.pdf
if you don't like Hamish's posts fine but don't call FACTS "rubbish"...0
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