Rents rocket in smartest postcodes

new_home_owner_3

Round by me at the moment rents seem to have gone up, but then again theres only one flat to rent in the area, where my house i let out is.


http://es.homesandproperty.co.uk/property_news/articles/rentsrocketinsmartestpostcodes.html

http://www.homemove.co.uk/news/22-07-2010/londons-prime-rental-properties-in-short-supply.html

http://www.walletpop.co.uk/2010/07/16/dearth-of-rental-properties-spells-trouble-for-tenants/

http://www.ft.com/cms/s/2/47179b0a-967f-11df-9caa-00144feab49a.html

http://www.residentiallandlord.co.uk/news2381.html
http://www.mortgagestrategy.co.uk/economy/lack-of-private-rental-property-says-arla/1015297.article

System

It cites a lack of supply as the reason, probably linked to the increase in supply of property for sale.

brit1234

It will all fall with tax rises, higher unemployment and then in april cuts in housing benefit. There will be a lot of vacant luxury homes then as unemployed bus conductors move out.

drc

I don't get this. Last time there was a shortage of buyers, owners who couldn't sell put their properties up for rent, pushing rents down. What is the difference this time?

robin_banks

Squatters then FOI requests and promptly move in.

Happens a fair bit in zone 1 London.

carolt

I think that article is wrong somewhere.

It claims a 4 bed house in Fulham is c£1300/month, up from c £1150.

If that's the case, I really should move to Fulham - sounds bizarrely cheap.

FTBFun

It claims a 4 bed house in Fulham is c£1300/month, up from c £1150.

Yes it must be wrong - I'm in a 4 bed flat in Kilburn which comes to £1,900 p/m between 4 of us.

new_home_owner_3

carolt wrote: »

I think that article is wrong somewhere.

It claims a 4 bed house in Fulham is c£1300/month, up from c £1150.

If that's the case, I really should move to Fulham - sounds bizarrely cheap.

that may be wrong but surely all these can not be wrong aswell?

http://www.homemove.co.uk/news/22-07-2010/londons-prime-rental-properties-in-short-supply.html

http://www.walletpop.co.uk/2010/07/16/dearth-of-rental-properties-spells-trouble-for-tenants/

http://www.ft.com/cms/s/2/47179b0a-967f-11df-9caa-00144feab49a.html

http://www.residentiallandlord.co.uk/news2381.html
http://www.mortgagestrategy.co.uk/economy/lack-of-private-rental-property-says-arla/1015297.article

theres a few reports on this, great if you are a landlord

MikeJ74

brit1234 wrote: »

It will all fall with tax rises, higher unemployment and then in april cuts in housing benefit. There will be a lot of vacant luxury homes then as unemployed bus conductors move out.

Q. Will people still rent these expensive places if they dont get housing benefit?

A. Not unless the rent falls a long way.

new_home_owner_3

MikeJ74 wrote: »

Q. Will people still rent these expensive places if they dont get housing benefit?

A. Not unless the rent falls a long way.

most private landlords dont rent to people on housing benefit, i know people say peoples circumstances change with employment, but not many private landlords entertain people on housing benefit.

drc

carolt wrote: »

I think that article is wrong somewhere.

It claims a 4 bed house in Fulham is c£1300/month, up from c £1150.

If that's the case, I really should move to Fulham - sounds bizarrely cheap.

Probably a typo. I suspect it's per week :eek:.