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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.Is this buyers remorse?
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Crashy_Time wrote: »Until interest rates rise and you lose masses more money as the buyers dry up ( even more than they have already)
What impact do you think this might have on the rental market?0 -
LKRDN_Morgan wrote: »Of course it concerns me. I'd be stupid to think otherwise. The difference is I'm happy to take on that responsibility as opposed to having to ask (beg) a landlord to fulfil their responsibilities.
My experience with landlords is that you phone it in and the job gets done, very simple, no problem.0 -
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Crashy_Time wrote: »Do you still believe that there is a shortage of property?
https://www.theguardian.com/business/2017/feb/09/uk-rents-rise-faster-house-prices-next-five-years-rics-survey
The Royal Institution of Chartered Surveyors has predicted that rents will increase by just over 25% in the coming years, while property values are set to grow by less than 20%.
In the three months to January, tenant demand for rental properties continued to go up. With landlords expected to scale back their portfolios in the next 12 months, tenants will have fewer properties to choose from, which is likely to push rents higher, the survey suggests.
Rics said there was a lack of new listings coming on to the lettings market for the fourth quarter in a row and its members expect this to worsen.0 -
https://www.theguardian.com/business/2017/feb/09/uk-rents-rise-faster-house-prices-next-five-years-rics-survey
The Royal Institution of Chartered Surveyors has predicted that rents will increase by just over 25% in the coming years, while property values are set to grow by less than 20%.
In the three months to January, tenant demand for rental properties continued to go up. With landlords expected to scale back their portfolios in the next 12 months, tenants will have fewer properties to choose from, which is likely to push rents higher, the survey suggests.
Rics said there was a lack of new listings coming on to the lettings market for the fourth quarter in a row and its members expect this to worsen.
Did you actually believe that, seven months ago? Sorry, but real world renting experience says "No".0 -
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Crashy_Time wrote: »Do you have any actual experience of the rental market, as a tenant not a landlord I mean?
Yeah i'm renting at the moment and have always rented. I'm lucky my landlady has never increased my rent in the 3 years I've been there because an equivalent sized flat in the same area costs £200+ more now.0 -
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Crashy_Time wrote: »
I like the way you jump from one thing to another0 -
I like the way you jump from one thing to another
Basically you could get cheap deals from private landlords looking for long term tenants when interest rates were 5%+ and before the BTL mania took off, and you will still be able to find good deals from good private landlords after rates rise and the BTL mania is dead. Interest rates probably won`t rise much until there is a serious market crisis, EZ break up would do it if that happens at some point, more likely is another big debt/credit bust and a recession, good luck raising rents in that climate. Most sensible people know that the only way the UK will prosper going forward is if housing costs drop dramatically, it is just a case of watching it all unwind now IMO.0
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