Rents' Are Soaring!!!!!!!!!!

RHemmings

Whoops! I should read more carefully.

m00m00

BiggaThanBen wrote: »

look a property
make an offer £75 less
get £50 discount
----
again depends on asking price, I doubt you can do it with £400 properties, I am talking about £750 - £900 range

then again, with some cheap properties it's obvious discounts can be had


property 1
8th Mar 2008

• Price changed: from '£475 pcm' to '£395 pcm'

property 2

22nd Mar 2008

• Price changed: from '£400 pcm' to '£395 pcm'

14th Mar 2008

• Price changed: from '£475 pcm' to '£400 pcm'

property 3

22nd Mar 2008

• Price changed: from '£475 pcm' to '£400 pcm'

Guy_Montag

dolcevita wrote: »

Barry by any chance?



Or Penarth maybe?

Port Talbot?

macaque_2

I wondered where this rising rent story came from because the evidence is far from bullish in the rental market. In some parts of the country, there streets are filled with empty properties for let at bargain prices.

Anyway, I now know where the report came from. It was Paragon. If things are so good in letting market, why do Paragon have this notice on their website?

Product Changes
Please note that our current product range is only available for Further Advances and Product Transfers.

Also, if Paragon are so reliable, why did the financial community shut off their lines of credit so quickly? And if Paragon are in such a bouyant market, why are they laying off hundeds of staff.

Nice try but no cigar

PasturesNew

dolcevita wrote: »

Barry by any chance?



Or Penarth maybe?

No. I have class and find them tacky.
It's where I used to live. My parents still live there and as I sold a house there last year I'm sort of "checking" I called the top right.

wymondham

Now i'm confused!

'Rents souring !!!!!!!!!!!!!!!"
and
"Rents to Plunge !!!!!!!!!!!!"
threads....

which is true ??!! :rotfl:

m00m00

somewhere in between, depending on myriad local issues

DaiJoA

My week long re-education on rents after a two year house owning experiment is that the rents in brackets that people on higher wages who for some reason dont have a mortgage (i.e. £750-850) is that they go on at the higher figure, 850, and then get gradually reduced down towards the 750. terraces and flats or houses that are in high supply and available to housing benefit tenants will always stay in the same competitive brackets. You can always offer a lower rental for an immediate occupation, most landlords would go for this just for the security of having their mortgage paid for a year, or extra money in their pockets.

lil_me

Most of the property in our area is dropping in price when it comes to rental. Many we looked at in August are still empty. Nice houses aswell, nice areas, landlords seem a little picky however. Just had another look to double check I am still correct (looked last week) some are now offering extras like first months rent half price etc.

IveSeenTheLight

wymondham wrote: »

Now i'm confused!

'Rents souring !!!!!!!!!!!!!!!"
and
"Rents to Plunge !!!!!!!!!!!!"
threads....

which is true ??!! :rotfl:

Last year I tested the water and increased one property by 22%. It was snapped up immediately by the first viewer. Looking around now I notice that on average the rental prices are still about 10-15% higher but we have good tenants whoch have been in 15 months so I will not be changing the rent (4 bed house)

This year I have increased the rent on a second property by 14% and again it has been snapped up. It's just below the market average but I market this way to ensure fast rentals (2 bed flat)

so in my experience, rental prices are up