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Rental values
freeride
Posts: 115 Forumite
Hello All
Firstly, I apologise if this thread has been posted in the wrong place or this topic has been talked to death but I'd appreciate any input.
We are about to decide whether to put our house up for sale and risk loosing a good tenant or continue letting for the next 2/3 years.
I think we all know what way the sale market is heading over the next year, but I'm interested in your views about the current rental market.
So my question is.......
Do you think rental values will continue to fall or rise over the next year or two?.
Thanks in advance
Firstly, I apologise if this thread has been posted in the wrong place or this topic has been talked to death but I'd appreciate any input.
We are about to decide whether to put our house up for sale and risk loosing a good tenant or continue letting for the next 2/3 years.
I think we all know what way the sale market is heading over the next year, but I'm interested in your views about the current rental market.
So my question is.......
Do you think rental values will continue to fall or rise over the next year or two?.
Thanks in advance
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Comments
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BTL repos are on the increase but the question is: what are the new owners going to do with their repos, live in them, leave them empty or rent them out?0
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BitterAndTwisted wrote: »BTL repos are on the increase but the question is: what are the new owners going to do with their repos, live in them, leave them empty or rent them out?
So, are rentals values going to rise or fall?.....0 -
So, are rentals values going to rise or fall?.....
I don't think anyone can give a definite answer on this! It depends where the property is, what type, condition, and what the local demands are for renting. You need to research your own area, follow rental prices online or in the papers. In my area prices have not dropped, but there is a limited supply of family sized houses available to rent in the first place.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
Given there are more people renting, then the nicest houses in the best areas will have more competition and rents will go up, and not so nice houses in not so nice areas will have less demand, so the rents will drop as LLs have to lower the rent to attract tenants. I've seen it happening quite a lot already.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Given there are more people renting, then the nicest houses in the best areas will have more competition and rents will go up, and not so nice houses in not so nice areas will have less demand, so the rents will drop as LLs have to lower the rent to attract tenants. I've seen it happening quite a lot already.
Although there are more people who were going to sell and can't so are now renting out their properties which puts downward pressure on rents.
I've just negociated a 20% discount on my rent for the next 6 months (4 bed quality house in good area of Poole) due to increasing market supply!
Long term = no idea though!0 -
Although there are more people who were going to sell and can't so are now renting out their properties which puts downward pressure on rents.
I've just negociated a 20% discount on my rent for the next 6 months (4 bed quality house in good area of Poole) due to increasing market supply!
Long term = no idea though!
Sounds about right Gwhiz.. The rental values in our area have dropped since last year.
We let for £795, now we'd be looking at £700/£725.
The future =
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