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Rental DOOM

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    Rental DOOM

    "Private rents in some of the UK’s biggest city centres have fallen by up to 12% in a year but have risen sharply in parts of northern England as some tenants swapped an urban life for the suburbs, smaller towns and villages.

    Property website Rightmove’s latest rental trends report said the pandemic had led to falling asking rents and a “flood” of properties coming on to the market in many areas.

    Central London has been “hardest hit”, said the website, with average asking rents down by 12.4% on a year ago, followed by Edinburgh city centre, which was down 10%, and Manchester city centre, down 5.3%.

    Away from city centres it was a different picture, with agents reporting busy markets and rising rents.

    Rightmove named the top three highest growth areas outside London as the city of Durham, the town of Keighley in West Yorkshire, and Wigan in Greater Manchester."

    Private rents fall in UK's biggest cities by up to 12% amid Covid crisis | Renting property | The Guardian

    Only luxury Bham bedsits over kebab shops are safe!

    #2
    All those bloody townies pricing the locals out, yet again!

    Comment


      #3
      BOOM not DOOM then...
      Originally posted by MaryPoppins
      I'd still not breastfeed a nazi
      Originally posted by vetran
      Urine is quite nourishing

      Comment


        #4
        Originally posted by d000hg View Post
        BOOM not DOOM then...
        One person's BOOM is another's DOOM...

        Comment


          #5
          Don't know about the local rental market.
          House prices up here in my sunny part of Warwickshire have been on the rise since about June and we are seeing a rise in newly ex-londoners.
          Former IPSE member
          My Website

          Comment


            #6
            Since I own property in Durham and Cornwall, can I retire now?
            Originally posted by MaryPoppins
            I'd still not breastfeed a nazi
            Originally posted by vetran
            Urine is quite nourishing

            Comment


              #7
              Originally posted by d000hg View Post
              Since I own property in Durham and Cornwall, can I retire now?
              No!

              You need to have another income stream to help protect yourself when the next government hikes taxes to pay for the pandemic.
              "You’re just a bad memory who doesn’t know when to go away" JR

              Comment


                #8
                Originally posted by SueEllen View Post
                No!

                You need to have another income stream to help protect yourself when the next government hikes taxes to pay for the pandemic.
                When next Govt comes it would be best not to have any income streams...

                Comment


                  #9
                  Originally posted by SueEllen View Post
                  No!

                  You need to have another income stream to help protect yourself when the next government hikes taxes to pay for the pandemic.
                  You think it'll take until the next government?

                  mi fone did this on tappy tawk
                  Originally posted by MaryPoppins
                  I'd still not breastfeed a nazi
                  Originally posted by vetran
                  Urine is quite nourishing

                  Comment


                    #10
                    Originally posted by d000hg View Post
                    You think it'll take until the next government?

                    mi fone did this on tappy tawk
                    Yes when BJ resigns (after being told to by the 1922 committee)
                    "You’re just a bad memory who doesn’t know when to go away" JR

                    Comment

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