UK Landlord Forum / Life

Found this snippet very good, the funny thing is when I posted it on housepricecrash website it really upsets them  Think I have discovered a new sport

The Independent


Lawrence Conway - Monday, 9 June 2008


Demand for rental properties is at record levels as people delay plans to buy their own homes because of the downturn in the housing market.

The proportion of letting agents reporting that demand is outstripping supply is now at a high of 39 per cent, according to the Association of Residential Letting Agents (Arla), with the imbalance highest in Greater London and the South-east. The report echoes the findings of recent studies which have revealed a rental boom off the back of turmoil in the home-owning market.

The mortgage lender Paragon said strong demand had pushed the average cost of renting a home in England and Wales through the £1,000 a month barrier for the first time.

Yeh renting does seem to be the trend these days. I have a friend in Canada looking to purchase property near universities for the comming fall season. I reckon she'll do well as students are always looking for accomodations close to uni. The drawback with students is they can be very careless, however I guess that's a chance ones got to take.

But yeh, good times for landlords 

Link me to where you posted it on HPC lol

http://forum.globalhousepricecrash.com/index.php?showtopic=32832&st=25&gopid=304348&#entry304348 



These guys are such arses

You hit a nerve. I like it

Love it. And so nice to see those loons beginning to realise that they have had their fun. May go down a bit over the next year, but after three years if spitting bile at Landlords they can look forward to a nice rise. Like it. Keep it coming

Dont you just love their logic, I bet if we were to post that 75% of developers are showing a price increase and had nothing less to sell etc, they would focus on the 25% not mentioned and how bad the market must be

Quote from: hopson on June 10, 2008, 07:28:54 AM
Dont you just love their logic, I bet if we were to post that 75% of developers are showing a price increase and had nothing less to sell etc, they would focus on the 25% not mentioned and how bad the market must be

That's all their site is about.

For the past 5 years, even when 5% of the media was talking the market down, they were just extracting the negative news and going by that. It's crazy.