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MSE News: Rents rise for fifth month in a row

2

Comments

  • Shun_di
    Shun_di Posts: 9 Forumite
    It would be interesting to find out where the majority of this rent inflation is coming from. We have have rented a great two bedroom flat in Stafford since March 2010 for £500 a month.

    We have just renewed for another 6 months and we are still paying £500 per month. I suspect that most of this inflation figure is coming from the south east of the country and distorting the figures.

    There is life outside of London :wave:
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Shun_di wrote: »
    There is life outside of London :wave:

    I live about as far away from London as it's possible to get in the UK.

    Average rent for a 2 bed flat here is £827 per month. And for a 3 bed is £1225.

    My neighbour lives overseas and has raised the rent on his place by over £150 a month in the last 18 months or so. The last tenants moved out on Friday, he had it painted Friday night, and the new ones moved in that weekend.

    So yes, there is life outside of London. But it ain't necessarily much cheaper...
    “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”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    it's good to get a more complete picture

    Indeed.

    Like the fact rents have risen by 12% in just 3 years.

    To new all time record highs.

    And by more than double wage inflation.

    In a recession. With high unemployment.

    And despite significant housing benefits cuts.
    “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”
  • diable
    diable Posts: 5,258 Forumite
    Pincher wrote: »
    Or the landlords start putting in double bunks and charge per bed,
    instead of per room.

    Its called a hostel and quite a few in Earls Court and Shepards Bush (IO6 Spelling)
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    HAMISH_MCTAVISH wrote: »
    I live about as far away from London as it's possible to get in the UK.

    Average rent for a 2 bed flat here is £827 per month. And for a 3 bed is £1225.

    That is bonkers! which city is that? (if you don't mind sharing).
    Thinking critically since 1996....
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Turnbull2000 wrote: »
    Fixed that for you.

    No need to do any "fixing", thanks

    House prices are rising.

    This is according to the ONS, the Land Registry, the Nationwide, and pretty much every other index out there. The only one that is negative is the Halifax, and that will change in a few months.

    What is holding back house prices from rising even more rapidly is the availability of the very mortgage finance that is preventing renters from becoming FTBs,
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    diable wrote: »
    Its called a hostel and quite a few in Earls Court and Shepards Bush (IO6 Spelling)

    I hear it's truly barbaric and savage and full of Australians.:D
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 23 September 2012 at 9:06PM
    somethingcorporate wrote: »
    That is bonkers! which city is that? (if you don't mind sharing).

    Aberdeen.

    http://www.citylets.co.uk/reports/pdf/Citylets-Rental-Report-Q2-12.pdf?ref=reports

    http://www.citylets.co.uk/reports/pdf/maps/Q212/aberdeen-rental-values-Q2-2012.pdf
    “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”
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    Oil town UK.

    If they made Dallas here, it would be called Aberdeen.

    No need to change the names, since so many oil men are Scottish.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 24 September 2012 at 2:00PM
    It would be interesting to see if the increases are due to landlords costs increasing or just wanting higher margins.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
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