UK Landlord Forum / Life

Quote
Rents continued to rise in April as tenant demand for private rented properties grew.

Rents have risen nearly 14 per cent over the last year to stand at an average annual income of £12,048 in April, having broken the £1,000 a month barrier in March.

Paragon also revealed that the buoyancy in the private rented sector has been spurred on by the fact people in their thirties and forties still cannot afford to get on the property ladder and are having to rent instead.

Full article here

I'm a bit worried about increasing the rent with this one tenant, because she asked me to reduce it last year (but I denied)! Eeeeks! But she's already paying below the average rental rate with in the area!

Are rents rising because people are choosing to rent rather than buy!?

Quote from: simhar on June 07, 2008, 11:47:02 AM
Are rents rising because people are choosing to rent rather than buy!?

Yup

Really bad news for tenants. I already have problems with my tenant this news struggled me more. What can i do in the present situation. Can any one help.
property investment

Quote from: pragueproperty on June 11, 2008, 06:10:09 AM
Really bad news for tenants. I already have problems with my tenant this news struggled me more. What can i do in the present situation. Can any one help.

What exactly are your problems with your tenants?

Hi all,
I just sold my home a few weeks ago, and the one I was buying fell through so i'm renting at the moment. My question is should I wait to buy or is now the perfect time to get a good deal with the market being slow, or will it get even better? or will it pick up soon?

Any advise welcome from any experienced market watchers.

property investment

if I were you, I would wait a few months...

Not only will house prices fall, but you'll also get better mortgage deals come on the market...