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MSE News: Rents rise to record high
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"Rents in England and Wales reached a record high of £718 per month in September, a report found today ..."
"Rents in England and Wales reached a record high of £718 per month in September, a report found today ..."
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Comments
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This doesn't suprise me. We have been living with my mother since January after my partner became unemployed and paying as much rent as we can afford. Now he is employed again and we are looking at suitable rental properties the prices are so much higher. We were paying £550 per month for a 2 bed semi detatched bungalow with a garage and a garden in December last year. For that price, we are now looking at 1-2 bedroom flats...which would be fine if we didn't have a dog!
It feels like we will never be able to save for a deposit unless we live with my mother for longer - which would drive her crazy I think!
This is in East Anglia. I genuinely don't understand how people in London cope with the high rents there!GC2012: Nov £130.52/£125
GC2011:Sept:£215Oct:£123.98Nov:£120Dec:£138Feb:£94.72
Quit smoking 10am 17/02/11 - £4315 saved as of Nov'12
Engaged to my best friend 08/2012:heart2:
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My sister is paying twice as much in RENT as I am paying in MORTGAGE. she has a small 1 bedroomed flat near London, I have a good sized three bedroomed terraced in Sheffield.
A crazy situation!0 -
Demand is outstripping supply. Fewer people are able to obtain mortgages, and more having to rent. Population increasing and fewer houses being built can only lead to grief and shortage of supply.[STRIKE]Less is more.[/STRIKE] No less is Less.0
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This doesn't suprise me. We have been living with my mother since January after my partner became unemployed and paying as much rent as we can afford. Now he is employed again and we are looking at suitable rental properties the prices are so much higher. We were paying £550 per month for a 2 bed semi detatched bungalow with a garage and a garden in December last year. For that price, we are now looking at 1-2 bedroom flats...which would be fine if we didn't have a dog!
It feels like we will never be able to save for a deposit unless we live with my mother for longer - which would drive her crazy I think!
This is in East Anglia. I genuinely don't understand how people in London cope with the high rents there!
£550 a month!!!! :mad: I feel like I'm being ripped off!
In my town we're lucky to have found a 1-bed terrace house for £595 a month (which is not the norm ... usually it's 1 bed flat with no amenities whatsoever closeby).
Me and my bf are effed, basically... the rent we have to pay (for substandard housing) means we can't afford to save to buy. So we're just stuck renting.0 -
My sister is paying twice as much in RENT as I am paying in MORTGAGE. she has a small 1 bedroomed flat near London, I have a good sized three bedroomed terraced in Sheffield.
A crazy situation!
Thats not merely a factor of the cost of rent v the cost of buying.
In a large part its the difference between London and the north.0 -
Thank goodness for my LL, no rent increase since moving in three and a half years ago.It's someone else's fault.0
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The last time I had rent as low as £700 was back in 2005 when we were renting a titchy one bed flat above a shop in Greenwich. The small 2 bed mid terrace we moved to in NW London was £1100 a month, after we moved out last year he remarketed it at £1300 and apparently he got it too. We rented a similar place in the home counties for £900 a month.
£700 a month seems to be a bare starting point in the SE.0 -
That should really be "Rents Rise To Another Record High".
Several months in a row of new record highs now. And other than a brief respite over the off-season for rentals in mid-winter, they'll keep rising too.
Long way to go yet.“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”0 -
What good news.
The UK becomes ever more uncompetitive on the global stage and thus continues it's decline into third world living standards.0 -
firsttimetom wrote: »The UK becomes ever more uncompetitive on the global stage and thus continues it's decline into third world living standards.
Nonsense....“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”0
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