Renting in London

[Not So Wise]

Is it really the done thing to make offers on rents?

Unless you are getting a good deal then yes. Especially these days where it is renters market due to all the empty buy to lets

[Fungus]

Hey at least you got a table - we got free rats!

Is it usual to charge for them? I guess it's a square meal for some.

[sasguru]

Unless you are getting a good deal then yes. Especially these days where it is renters market due to all the empty buy to lets

Who says it's a renter's market? It's certainly not anywhere within walking distance to the City. I noticed a distinct spike in enquiries after the bombs last year, from foreign City workers who did't want to use the tube. Maybe that's why.

[Fungus]

Who says it's a renter's market? It's certainly not anywhere within walking distance to the City. I noticed a distinct spike in enquiries after the bombs last year, from foreign City workers who did't want to use the tube. Maybe that's why.

Quite. I've read that we need to build 50K new houses a year just to keep up with the demand due to immigration.

[sasguru]

Quite. I've read that we need to build 50K new houses a year just to keep up with the demand due to immigration.

When I say foreign City workers, I don't mean immigrants. These are the global elite highflyer, MBA types who are seconded to work in multiple countries over their career. As the City is a world hub of finance, there will be a constant circulation of these types in and out. And hence a constant demand for good quality properties in the vicinity.

PS Actually I'm beginning to think it's a good idea to do short-term lets - its much more lucrative if you can keep the occupancy going.

[ASB]

PS Actually I'm beginning to think it's a good idea to do short-term lets - its much more lucrative if you can keep the occupancy going.

I let a house in reading for a year to a relocation agency. They paid about 20% over the odds and used it for short term accomdation for those they were relocating. Was probably better for me than constantly finding short term tenants at a premium.

[sunnysan]

Renters market my @rse

I have a little sh1tpit in Bethnal Green, and I am inundated by calls from agents asking me if I want to let it out.

With asking price for a 1 bed in the area circa 190K, its not hard to see why.

Inside zone 2 it will always be a letters market, you can let any POS becuase of the demand

[tim123]

It might be buoyant in the center but 20 miles out it is not.

I went for a job three weeks ago the other side of London to where I live.

I got a list from Rightmove of available property. I asked in the agencies what the market was like and the answer was "manic".

Four weeks on and only one of the 8 flats available has been let and there are no new ones. If that's manic I'd like to know what adjective they use when it really is busy. (yes I understand that they need to talk the market up but exaggerating greatly can't be helpful, especially when I'm likely to find out)

tim