Debate House Prices


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Just when you think the good days are gone

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  • I live in a 6 bed HMO house in a wealthy town in the south near to london. The landlord has struggled to get people in for over 2 years, there's always been at least 1 empty room for these past years and on average 3 rooms have been empty.

    I am not sure what happened as for many years it was easy to replace anyone who moved out with a new tenant.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You know the local area better than us.
    what do you think has happened.?
    has anything happened locally? (Watching the news I know southern rail have been awful).
    could air b&b, spare room etc. Have had an effect on that market?
    is there some swanky new student accommodation attracting people away?
    there has been a migration away from London of about 100,000
    is it over priced for what it is?
    my gut feeling is that it’s something local as opposed to a wider trend.
    what do you think is going on?

  • homeless9 said:
    I live in a 6 bed HMO house in a wealthy town in the south near to london. The landlord has struggled to get people in for over 2 years, there's always been at least 1 empty room for these past years and on average 3 rooms have been empty.

    I am not sure what happened as for many years it was easy to replace anyone who moved out with a new tenant.
    The economy has picked up a little and people now have better options available than living in an HMO?
    Isn't the fact that you've lived in an HMO long enough to conduct a long term occupancy study a cause for concern given your priority is to buy a house and you got 100k saved up?
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