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MSE News: Rents rise for fifth month in a row

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
in House buying, renting & selling
"Typical monthly rents increased by 2.9% year-on-year to reach £734 in August, according to a lettings network ..."
Read the full story:

Rents rise for fifth month in a row

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Comments

  • breadlinebetty
    breadlinebetty Posts: 896 Forumite
    This was a foregone conclusion.

    Whatever the economy people will always need somewhere to live, and if they can't buy (for whatever reason) then they have no choice but to rent. So the more renters chasing properties the more the rentals will increase. Supply and demand!:money:
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Rents are likely to keep rising until the banks start to resume mortgage lending. Would be FTBs are trapped in rental.
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    nollag2006 wrote: »
    Rents are likely to keep rising until the banks start to resume mortgage lending. Would be FTBs are trapped in rental.

    Or the landlords start putting in double bunks and charge per bed,
    instead of per room.

    On the Trans Siberian railway, a six berth cabin has triple bunks on each side.

    Green Tortoise, based in San Francisco, has converted Greyhound buses that has fold down planks so you get three levels that accommodates 30. It's a mobile hostel with two drivers, so you get to the next destination while you sleep.
  • squeeks
    squeeks Posts: 309 Forumite
    I'd be more interested in seeing a breakdown of the figures to get a better view of whats going on.

    Break down by area and property type/size would be great.

    If the majority of rented properties a year ago were 1-2 bed flats, and now they are 3 - 4 bed houses, I would be shocked if the average hadn't gone up....
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    edited 21 September 2012 at 2:12PM
    nollag2006 wrote: »
    Rents are likely to keep rising until the banks start to resume mortgage lending and house prices begin rising. Would be FTBs are trapped in rental.

    Fixed that for you. There's effectively no way out, as the solutions are all non-starters due to the mindset of our politicians and lobbying interests.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • rickbonar.
    rickbonar. Posts: 99 Forumite
    And government have made squatting illegal.
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    rickbonar. wrote: »
    And government have made squatting illegal.

    Wait till you come home and the lock is changed.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    alternatively one could note that rents are rising about the same as general inflation (but that probably wouldn't make a great headline)
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    alternatively one could note that rents are rising about the same as general inflation

    And around double the rate of wage inflation.
    “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”
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    And around double the rate of wage inflation.


    it's good to get a more complete picture
This discussion has been closed.
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