BTL will boom forever!!!

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DimPrawn replied

27 November 2007, 15:04
Originally posted by Bagpuss View Post

If only everyone could earn more than average, the boom would last forever

You've seen next month's Government adjusted stats haven't you!
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Bagpuss replied

27 November 2007, 14:32
Originally posted by chicane View Post

I'd get a better job.

If only everyone could earn more than average, the boom would last forever
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chicane replied

27 November 2007, 14:31
Originally posted by Bagpuss View Post

If you were young and it were £700pcm to rent a flat or £1100 pcm to buy it, what would you do if your income were the average 1500 a month after tax.

I'd get a better job.
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Bagpuss replied

27 November 2007, 14:26
Originally posted by chicane View Post

Is it still cheaper to rent than buy once you've paid off your mortgage?

If you were young and it were £700pcm to rent a flat or £1100 pcm to buy it, what would you do if your income were the average 1500 a month after tax.

Could you live on £100 a week for bills utilities and entertainment, in order to make an investment that might pay off after 25 of the best years of your life living like a miser?
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VectraMan replied

27 November 2007, 14:22
Originally posted by chicane View Post

Is it still cheaper to rent than buy once you've paid off your mortgage?

Yes.
Leave a comment:
chicane replied

27 November 2007, 14:18
Originally posted by Bagpuss View Post

Who wouldn't rent when it's cheaper to rent than buy.

Is it still cheaper to rent than buy once you've paid off your mortgage?
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Bagpuss replied

27 November 2007, 14:02
Who wouldn't rent when it's cheaper to rent than buy. Subsidised rent, you couldn't make it up
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Sockpuppet replied

27 November 2007, 13:59
No doubt due to everyone seeing what a sham taking on a mortgage at the moment would be then letting some other bugger take it on for them.
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DimPrawn started a topic BTL will boom forever!!!

27 November 2007, 13:32
BTL will boom forever!!!

http://news.bbc.co.uk/1/hi/business/7114548.stm

The level of tenants seeking to rent property privately has hit a five year high in the UK, the Association of Residential Letting Agents (Arla) says.
A number of factors have combined to push up demand including an increase in immigration, more people living alone, and a weakening of the housing market.

The South East has seen an acute shortage of rental properties, while central London has seen demand surge.

Letting agents were warning of shortages across the UK, Arla said.

"This peak demand should come as no surprise" said Ian Potter, head of operations at Arla.

"Softening in the sales market is always a driver of further demand in the rental market," he added.

In the South East of England, 57% of the letting agents said that they were seeing demand outstrip supply, according to Arla's quarterly report.

Elsewhere in the UK, 37% of them have reported rental property shortages.

Central London has seen a 13-fold increase in demand for rental property over the past five years, Arla said.

At the same time, tenants are choosing to rent for "well over a year", Arla said in its survey, which is which is based on responses drawn from 517 letting offices.

Bag-o-pus
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