Rents Up Again - New Record High....

HAMISH_MCTAVISH

Levels of late rent healthiest since 2008 - tenant arrears drop by £50 million in October

Comes despite new high for rents across England and Wales - at £758 per month

Rents rise 0.2% in month since September, up 1.9% from a year ago

Demand for tenancies remains strong, up 7.4% since October 2012

http://www.4-traders.com/LSL-PROPERTY-SERVICES-PLC-4006574/news/LSL-Property-Services-plc--Oct-13-Buy-to-Let-Index-17465892/

Rents up, arrears down...

Interesting...

Percy1983

You can't stop greed.

thescouselander

Gas and electricity up too. Excellent news:beer::beer::beer:

IveSeenTheLight

Percy1983 wrote: »

You can't stop greed.

It's not greed, it's business.
A gap was created, largely as a result of the RTB sell off, but also because of a lack of building.
Businesses will fill a gap that will be profitable.

This is the same a supermarkets selling food or energy suppliers selling energy.

The solution is to create more supply, then it creates a better supply / demand balance to be more competitive.

HAMISH_MCTAVISH

thescouselander wrote: »

Gas and electricity up too. Excellent news:beer::beer::beer:

It is indeed excellent news.....

For the shareholders of utility companies. :beer:

nickj_2

any yet people wages or ability to pay has never been lower;)

theEnd

Rents fall in real terms.

Loughton_Monkey

nickj wrote: »

any yet people wages or ability to pay has never been lower;)

"Never"

Which planet are you from?

chucky

IveSeenTheLight wrote: »

It's not greed, it's business.

That's what young percy doesn't understand.

I'd be very interested to see the margins he charges in his own business.

chucky

nickj wrote: »

any yet people wages or ability to pay has never been lower;)

Never ever, never lala land never or never because it sounds like a good thing to say?

Percy1983

chucky wrote: »

That's what young percy doesn't understand.

I'd be very interested to see the margins he charges in his own business.

My business has a much more ethicial stance.

I don't buy things in short supply and then try and get other people to pay for them for me.

I don't ramp prices up on a product anybody needs, if I was to raise prices it wouldn't make anybody homeless.

All the money in my business has been generated by my own hard work, not just buying an asset before many younger than me ever had a chance and doing nothing.

I have based my business on stong ethics to which I wish more did the same, if you want a more in depth look at how it is run I am happy to give you more information.

I guess the bigger question is:

Is BTL a business? it involves no skills, no training and no work.