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MSE News: Rents fell in December but expected to climb again
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The average rent fell by 1.2% during the month, dropping to £684 from the record high it reached in November ..."
"The average rent fell by 1.2% during the month, dropping to £684 from the record high it reached in November ..."
Read the full story:
Rents fell in December but expected to climb again
Rents fell in December but expected to climb again
0
Comments
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Isn't this a bit of a "non story" ?
LLs with vacant properties will often reduce the first month's rent to entice a new T in and make sure that voids are kept to a minimum. December is notoriously slow for re-lets and we also had the extreme weather across the country.
As for rent rises, experienced LLs know that it's far better to retain a reliable T for a longer period, even if that means forgoing annual rent increment.s
Probably of more interest are the accounts of increased rent arrears, a situation which is likely to worsen as unemployment rises and LHA cuts are brought in.0 -
i agree tbs624 hardly anyone moves in December, so i can imagine l/l dropping rent slightly to confirm a tenancy during december. Shot back up in jan though, when every one starts moving again.Debt free since July 2013! Woo hoo! The bank actually laughed when I said I have come in to cancel my overdraft.0
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