UK Landlord Forum / Life

Rise in rental demand brings boom for landlords

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Estate agents are seeing booming demand for rental property as first-time buyers and foreign workers defer buying homes amid continued uncertainty over prices.

Agents around London and the south-east in particular are seeing up to 25 per cent more activity in their lettings businesses compared with a year ago. Many have waiting lists of tenants and are finding that new lets take just a few days to fill.

And this is exactly why I've been preaching about snapping up bargain properties this year. There's still a solid, longterm return to be made in the property game.

Housing Shortages Are Going To Get A Lot Worse, Pushing Rents Up Dramatically

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The supply/demand imbalance in UK housing is simply not going away, and is showing very strong signs of worsening in the short to medium term, making prolonged house price falls a very unrealistic outcome and we strongly suspect that many will be surprised by a return to house prices growth later this year and indeed for the next two or three years at least - not a very popular house price forecast view at present.

http://news.assetz.co.uk/articles/4058.html

You're so right.







V

I realllllyyyyyyyy agree .

Ive seen about 3 properties this month that are being let , snapped up within aweek of even the board going up .
Its Crazeee .

Quote from: Fionalouisa on March 06, 2008, 01:51:09 PM
I realllllyyyyyyyy agree .

Ive seen about 3 properties this month that are being let , snapped up within aweek of even the board going up .
Its Crazeee .

It's wicked

Wicked for you .
Worrying for me .

Quote from: Fionalouisa on March 06, 2008, 06:08:19 PM
Wicked for you .
Worrying for me .

Why, do you rent?

No .... I meant .

Theres alot of renting going on but not alot of people are buying , and im selling in 3 months .
So its abit worrying.

I watched The One Show last night and they were banging on about a 'crash'.

Dom and Paula have this to say:

QuoteIf there was a property crash, the winners would be the first-time buyers, while the losers would be the buy-to-let landlords and people such as key workers who are have stretched their finances to get a big mortgage.

The good news, though, is that Dom and Paula don't think that house prices will fall too dramatically - but their advice for anyone concerned is to sit tight and ride out any slump.

What ever happens, it won't last long.

If people think there will be a crash - there will be!

cheers

simhar

Web: Properite Landlord Software - http://www.properite.co.uk