MSE News: Rents rise for fifth month in a row 21 September 2012 at 9:09AM in House buying, renting & selling 23 replies 3.1K views

Former_MSE_Helen

"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

breadlinebetty

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

Rents are likely to keep rising until the banks start to resume mortgage lending. Would be FTBs are trapped in rental.

Pincher

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

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

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.

rickbonar.

And government have made squatting illegal.

Pincher

rickbonar. wrote: »

And government have made squatting illegal.

Wait till you come home and the lock is changed.

CLAPTON

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

CLAPTON wrote: »

alternatively one could note that rents are rising about the same as general inflation

And around double the rate of wage inflation.

CLAPTON

HAMISH_MCTAVISH wrote: »

And around double the rate of wage inflation.

it's good to get a more complete picture