Rents soar to (another) record high

Crashy_Time

Is Hamish out of the country, he seems quiet of late?

Crashy_Time

The Aberdeen thread on HPC is saying that Aberdeen rents are plummeting, have you got a graph or something you can post Hamish, to show us what is really happening on the ground?

Graham_Devon

A TENANT in a London flat has been evicted for attempting to pay the same amount in rent for two consecutive months.

Nathan Muir had set up a direct debit of £1,150 a month for his one-bedroom flat in Sydenham without making the necessary provision for the capital’s booming property values.

Landlord Carolyn Ryan said: “What does he think this is, September?

“I might have accepted £1,275 for October because he’s been a good tenant for the three weeks he’s been there, but I’d have been stealing from myself.

“He needs to get up to speed with the realities of the burgeoning property market or go back to the stinking, provincial hellhole out of which he crawled.”

Muir, who is now paying £70 a night for a tent on waste ground in Barnet, is also being pursued by letting agents Cornell & Gray for failing to pay an Upward Rent Adjustment Processing Fee of £195.

http://www.thedailymash.co.uk/news/business/london-tenant-evicted-for-paying-same-rent-as-last-month-20151016102996

Crashy_Time

Graham_Devon wrote: »

http://www.thedailymash.co.uk/news/business/london-tenant-evicted-for-paying-same-rent-as-last-month-20151016102996

:money::money: Go landlords!

Crashy_Time

Many an Aberdeen BTL`er will be having wet dreams that the tenant paid the same as last month by now.....:rotfl:

Crashy_Time

Seeing Aberdeen rents dip well below 500 p.m for one beds now, or did I make a mistake and it was per week? Come on Hamish, don`t squander what little credibility you have left by not engaging on your own thread.

Crashy_Time

Well something is soaring in Aberdeen. Great news for landlords!


https://www.eveningexpress.co.uk/fp/news/local/jobseekers-claimants-up-by-58/

chucknorris

This year (after the increase of tax on BTL's) we increased the rent on one of our 3 bed flats from £1,545/month (just for clarification I think that I mistakenly previously reported it at £1,495) to £1,800/month. I was amazed yesterday to see another 3 bed in the same block is being marketed at £2,300/month and a 4 bedroom at £2,708/month! It will be interesting to see what happens, if they are rented reasonably quickly or not. I also have a much superior (we have pencilled in a substantial rise this summer) 3 bed flat a few streets away, rented at only £1,861/month.

EDIT: I reckon most of you can see the relevance of my post to my situation, I have to wonder though, what relevance are Aberdeen rents to Crashy's situation?

westernpromise

chucknorris wrote: »

I reckon most of you can see the relevance of my post to my situation, I have to wonder though, what relevance are Aberdeen rents to Crashy's situation?

Or indeed to very much at all. Scotland's economy depends on oil and transfers from England; the one is looking grim and the risks to the latter continuing are already impacting on - for example - financial firms in Scotland.

Crashy_Time

westernpromise wrote: »

Or indeed to very much at all. Scotland's economy depends on oil and transfers from England; the one is looking grim and the risks to the latter continuing are already impacting on - for example - financial firms in Scotland.

Well with Aberdeen and the rest of Scotland not going anywhere price wise, and the North of England and Midlands pretty stuffed house price wise, that just leaves London and the South as the last domino to fall before we see a real HPC. A crash is a crash and every little helps, that is the relevance.