We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: 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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Brexit, the market and renting.
sophiagreen10195
Posts: 1 Newbie
Talking about issues in todays market is one thing I have personally considered to be something only the brave talk about. It is a scary time for people and especially people who rent. Myself I have now seen an ever-growing rise in the rent prices for multiple developments, apartments, houses even the prices of hotels in Greater London. London is a place where everywhere is expensive! But, some what reasonable in some cases. However, the past decade has produced such an incline that renting is somewhat more expensive than most houses in the outskirts of London. My annual rental charges for the year have gone up more than 12% over 3 years! Yes I can understand that this is down to the individuals place of living and of course the owner of the building etc but to not be the only one to have this happen to in multiple parts of London this is something that worries me. With Brexit around the corner is this not something to be worried about as scarcity in the UK is only going to grow. So where to from here? Please enlighten me 
0
Comments
-
sophiagreen10195 wrote: »Talking about issues in todays market is one thing I have personally considered to be something only the brave talk about.
It is a scary time for people and especially people who rent. - really? On what basis?
Myself I have now seen an ever-growing rise in the rent prices for multiple developments, apartments, houses even the prices of hotels in Greater London. - London is an anomaly, rent rise because people are willing to pay them
London is a place where everywhere is expensive! But, some what reasonable in some cases. However, the past decade has produced such an incline that renting is somewhat more expensive than most houses in the outskirts of London.
My annual rental charges for the year have gone up more than 12% over 3 years! Yes I can understand that this is down to the individuals place of living and of course the owner of the building etc but to not be the only one to have this happen to in multiple parts of London this is something that worries me. - what about this worries you?
With Brexit around the corner is this not something to be worried about as scarcity in the UK is only going to grow. So where to from here? Please enlighten me
I predict Brexit will have a minimal impact on the rental market - in fact it may have the effect of; at least in some areas, of there being surplus supply.
Ultimately until a final deal, or no deal, is confirmed it's impossible to say fully.
Just FYI the june 2016 vote was a godsend to marketing depts. across the country - who simply raised prices with no real impact on their supply costs.0 -
What "market" are you referring to?0
-
Have you tried negotiating them?sophiagreen10195 wrote: »My annual rental charges for the year have gone up more than 12% over 3 years!0 -
-
Crashy_Time wrote: »
That only says price rises, rather than prices absolutely, have "slumped". Average rent is still more than it was a year ago.0 -
Poor Crashy tends to post links that discredit his/her own points. Wonder whether he/she reads them beyond the headline before posting.0
-
-
I don't understand. How is Brexit going to cause the UK to either have less supply of housing, or more demand for it?sophiagreen10195 wrote: »With Brexit around the corner is this not something to be worried about as scarcity in the UK is only going to grow.0 -
Crashy_Time wrote: »What point was I making?
We are similarly confusedGather ye rosebuds while ye may0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards