What is happening in the rental market?

RHemmings

Having bought a house, the rental property I'm currently in is on the market for new tenants. 

It's listed for hundreds more than I'm paying a month, and the number of viewings is just unreal. 

Is this typical? 

Flugelhorn

I think rental property is in huge demand - viewings get booked up very quickly 

grumbler

RHemmings said:

Having bought a house, the rental property I'm currently in is on the market for new tenants. 

It's listed for hundreds more than I'm paying a month, and the number of viewings is just unreal. 

Is this typical? 

Thanks to our lawmakers, being a landlord became a hard and risky job, that has to be paid for accordingly.

Albermarle

RHemmings said:

Having bought a house, the rental property I'm currently in is on the market for new tenants. 

It's listed for hundreds more than I'm paying a month, and the number of viewings is just unreal. 

Is this typical? 

The very high demand for rental property has been in the news for months/all last year.
It is worse in some areas than others.

MikeJXE

East Midlands but more central

2 bed flat this time last year was £625 now  £725 + 

My 1 bed  I moved into last  February was £625 

No increase yet 

Albermarle

MikeJXE said:

East Midlands but more central

2 bed flat this time last year was £625 now  £725 + 

My 1 bed  I moved into last  February was £625 

No increase yet 

A friend searched Reading area for 6 months before securing a property. One bed flat - £1050 per month + bills.
One year rent up front.

horsewithnoname

Try getting a rental on near minimum wage! They won’t even consider you, even if you’ve been paying your rent on time and been no trouble for decades. And if you should expect anything, like repairs done then the rent goes up or you get a section 21. But you need to live somewhere and can’t afford to save for a deposit to try and buy. 

But yeah, rampant house price inflation is a great thing 🙄

RHemmings

Albermarle said:

RHemmings said:

Having bought a house, the rental property I'm currently in is on the market for new tenants. 

It's listed for hundreds more than I'm paying a month, and the number of viewings is just unreal. 

Is this typical? 

The very high demand for rental property has been in the news for months/all last year.
It is worse in some areas than others.

Yes, but I didn't expect it to be quite like this. 

oldernonethewiser

Supple and demand, lots of potential renters and too few properties available.

Sad really.

Alderbank

oldernonethewiser said:

Supple and demand, lots of potential renters and too few properties available.

Rental properties now go so fast that you have to be agile as well as supple!

theartfullodger

Tory government: Largely don't care about those who rent.

Others will hold alternative views.

Best wishes to all.