British house prices show surprise fall in June

mwpt

padington wrote: »

I imagine the cost of interest rate rises will be mostly passed on to people renting. Could things get any worse for generation rent ?

Why aren't landlords operating efficiently and charging that price now, if they could?

padington

mwpt wrote: »

Why aren't landlords operating efficiently and charging that price now, if they could?

Some will but those landlords with foresight may want to raise rents again to factor in future possible rises.

There aren't many cheap lunches if the cost of food keeps rising.

TheBlueHorse

my part of London - up over 20% in 10 months. It's madness.

wotsthat

mwpt wrote: »

Why aren't landlords operating efficiently and charging that price now, if they could?

From what the BTL landlords tell us it's because they reprice at the end of tenancies rather than during.

Of course, interest rates haven't increased so anyone increasing rents would be less competitive in attracting the best tenants. In the case of all landlords facing increased costs then there will be fewer competitive alternatives for tenants.

Perhaps it's moot. Who says a nation of hobbyist landlords is particularly efficient?

PasturesNew

The value is unimportant ... not being at the mercy of a LL's whims is priceless.

padington

TheBlueHorse wrote: »

my part of London - up over 20% in 10 months. It's madness.

Which part ?

I've just waved goodbye to a friend in Wood Green a few roads down that just moved out today.

He was slightly unsettled because since selling his place and moving out today, a new house on his road is now going for 12% more than his asking price just three months ago.

It's like the market is working on the assumption that if a house in London is under a million, it's a steal.

Funny that ...

http://www.theguardian.com/uk-news/2015/jul/03/inheritance-tax-giveaway-welfare-cuts-budget-conservatives-george-osborne