Rents, as predicted, on the up

westernpromise

http://www.telegraph.co.uk/finance/property/news/12129202/Property-prices-rise-across-the-UK-as-demand-oustrips-supply.html

"Private rents grew 2.5pc in the year to December, with London up 3.9pc"

If that's what happens before BTL properties are removed from the rental market, GOK what will happen when that does start to feed in.

cells

this time of year is a bit weak in the rental market. So far I have not noticed much movement in rents over the last 2 years (but the 2 years before that was a good 10% increase)

HAMISH_MCTAVISH

If that's based on the ONS it tends to under-state rent rises as they survey all renters including those on existing tenancies as well as new lets.

Which would be like basing a house price survey on all sold prices for the last few years not just current sold prices.

LSL is showing 4% national rise in last 12 months.

mayonnaise

HAMISH_MCTAVISH wrote: »

LSL is showing 4% national rise in last 12 months.

What's LSL showing for Aberdeen, Hamish? :rotfl:

cells

homelets says

When London is excluded, the average UK rental value was £739pcm - this is 4.9% higher than the same period last year (£704pcm)

Average rents for new tenancies in London are 8% higher than the same period last year

HAMISH_MCTAVISH

mayonnaise wrote: »

What's LSL showing for Aberdeen, Hamish? :rotfl:

Negative eleventy million percent.

With 50% off prices by Xmas sure to be the next step.:D

Crashy_Time

mayonnaise wrote: »

What's LSL showing for Aberdeen, Hamish? :rotfl:

https://www.aspc.co.uk/search/property/337866/Flat-G---29-St-Andrew-Street/Aberdeen/

Crashy_Time

http://www.zoopla.co.uk/to-rent/property/2-bedrooms/aberdeen-city-centre/?include_shared_accommodation=true&price_frequency=per_month&price_max=600&q=Aberdeen%20City%20Centre%2C%20Aberdeenshire&radius=0&results_sort=newest_listings&search_source=refine


Looks like the silly money for basic accommodation meme is done in Aberdeen at least.

kinger101

This time next year, landlords will be paying you to live in their properties Crashy. Your time will come!

dharm999

Only if he moves to Aberdeen.

caronoel

We won't see a big uptick in rents until the new tax grab on landlords starts to bite over the next few years.

The experience in Ireland, when they disallowed mortgage interest, was that rents and tax evasion sky rocketed. The policy was quickly reversed.