@proptechpioneer It's possible and will be driven by what happens to interest rates, legislation and tax treatment of landlords. If last eight years is anything to go by, it's more likely than not
@TiraDeUrgue@MouseHunter99@moving_charlie Interesting choice of words on your part and a subjective interpretation of my post. The one bit I agree with you on is that everyone has personal choices to make. Many things influence these choices. Whilst we aim to be balanced, you can please some people some of the time..
@mackenzie99d @moving_charlie Notwithstanding the somewhat insensitive nature of this approach, the likelihood is that the agent was attempting to attract landlords because they (like most agents) have many more tenants than landlords?
@MouseHunter99@TiraDeUrgue@moving_charlie 40% of landlords will have to remortgage this year at much higher rates increasing overheads. They will have the choice between selling, increasing rent or subsidising their tenants rent. Last option is least likely. Those who can buy should. Many can't
@mackenzie99d @moving_charlie Unless tenants are still paying over asking this is a misconception. I would also question the statement that last year most were over asking. Definitely not a renters market yet and my advice to tenants would be to fix rent as it will rise
@melyork@knightfrank Likely. Both rental & sales markets are heavily dependant on mortgage rates. These have fallen by a third in the last 6m which affects affordability in a positive way. Rates below inflation will fuel borrowing. Low supply with rising demand may lead to a new property supercycle
@Adam_Hosker@MortgageMikeN2@financial_shaw@HenryPryor Spot on. Total net increase of 53k over the last 6 years. Thats 94% down compared to same period prior. (53k 922k). Does not even touch the sides to meet tenant demand which continues to grow. Direct result of S24 FA pushing out private landlords with finance.
@MortgageMikeN2@Adam_Hosker@financial_shaw@HenryPryor Don't even know where to begin π€¦ Landlords ARE selling β οΈ Have been for a while. The problem is that not enough Landlords are buying which leads to a demand crisis pushing rents up. More Landlords will sell which indicates to me rents will not fall in the foreseeable future
@moving_charlie@remindmeof_this 2025 diariesed π. What is your prediction? Higher than now, same or lower property prices and what index to be used as a benchmark? π
@moving_charlie Good advice with the exception of falling rents. Rents are rising and will continue to do so for the foreseeable future. Look at market comparables and weigh up options. Most landlords would prefer to keep a good tenant over getting the full market rent. Landlords are people too
@moving_charlie Based on @sogoodlord methodology. They are reporting on changes in average rent for their clients. More expensive houses=higher average rent. Big development of studios=lower average. @ONS reports rents rising. Important to understand methodology for all data. π is in the detail