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Rents' Are Soaring!!!!!!!!!!
Comments
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A sure sign of a 'Crash' is Rents 'soaring' and that's what happened during the last crash. It has to be remembered that part of the reason rental yields are going up, is because the value of the Property is declining.
Lower values = higher yields
Of course this really stuffs the recent BTL muppets, who have been subsidising their Tenants in the hope of Future capital growth, but are now heading into negative equity on an Investment that they still have to subsidise!0 -
rents have risen round my part of the woods, i spose it varies where the places are but they have gone up a lot round here - herne hill0
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PasturesNew wrote: »Facts?? Why let those get in the way of a good use of EXCLAMATIONS!!!!!!!!!!!!!!!!!!!!!!!!!
Well said that man.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ;-)0 -
not what I'm seeing with property bee
I'm seeing plenty of rent reductions
These are rather individual cases, where it could be well overpriced before or not good property ? I think its normal ...
I also assume you will not see rent rises in property bee, as it does not work this way ?
Sadly there are no rent indices as I aware ...All my life my mother told me the storm was coming (c) Terminator 30 -
BiggaThanBen wrote: »These are rather individual cases, where it could be well overpriced before or not good property ? I think its normal ...
I also assume you will not see rent rises in property bee, as it does not work this way ?
Sadly there are no rent indices as I aware ...
Property Bee records changes not just price drops, so not only do you get price changes, you also get description changes."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Personally I cant imagine a situation where a flat being put on rightmove for £500pcm and then changes to £600 after a couple of weeks. Normally landlords either increase rents for existent tenancies or put it on the market for a higher price than last time if tenant moved. How can one track these changes with property bee ?Guy_Montag wrote: »Property Bee records changes not just price drops, so not only do you get price changes, you also get description changes.All my life my mother told me the storm was coming (c) Terminator 30 -
Not true in my area, rent has been reducted across the board as they are so many buy-to-let properties landlords are desperate to get tenants for.
We were offered further reductions each time we looked round places, being young professions we are the perfect tenants. Eventually got our new place with fifty pounds off a month.0 -
if people look at my weekly property bee thread, you will see that I am recording increases as well as reductions
it's just that there aren't many increases, and 90% of them are new builds bumping the asking price up, so they can do bigger reductions.It's a health benefit ...0 -
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daisykinn1 wrote: »Eventually got our new place with fifty pounds off a month.
I used to get at least £50pcm off asking price every time I moved in last 3 years ..depends what %tage of asking price is that thoughAll my life my mother told me the storm was coming (c) Terminator 30
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