Property rental prices

[PistonReg]

A bit of a variant on the ever popular house price following.

Rents are down on last year and seem to still be falling - both for houses and flats. The concensus amongst many is that property prices have another 15-20% or so to fall, are rents likely to keep falling whilst house prices do or are they not related and what's popular opinion on how far they're likely to fall?

[jammy_basturd]

I know a house that was advertised at £1700 last year, was let for £1500 at the end of last year, and has just been renegotiated to £1250. Just thought I'd add that little snippet.

[TimCrighton]

The bigger end of the market (£1200+) is suffering as its typcially those occupiers that have been hardest hurt - the smaller end of the market, at least locally to us (hampshire) is continuing to tick over - indeed we're quoting £25 pcm more this year than when it last came up 24 months ago.

[fido]

Not falling fast enough. I'm still trying to get a 3-4bed property in a nice bit of Surrey with garage, OSP for 2 cars, and not getting much change from £1500 per month, but there is so much more choice than last year.

Edited by fido on Tuesday 14th April 15:48

[NoelWatson]

fido said:

Not falling fast enough. I'm still trying to get a 3-4bed property in a nice bit of Surrey with garage, OSP for 2 cars, and not getting much change from £1500 per month, but there is so much more choice than last year.

Edited by fido on Tuesday 14th April 15:48

Where in Surrey?

[fido]

NoelWatson said:

Where in Surrey?

Just anywhere nice near a station - even Weybridge will do. I've seen a few but not that many.

Edited by fido on Tuesday 14th April 20:58

[NoelWatson]

fido said:

NoelWatson said:

Where in Surrey?

Just anywhere nice near a station - even Weybridge will do. I've seen a few but not that many.

Edited by fido on Tuesday 14th April 20:58

Let me know how you get on. Weybridge rental asking prices seem high - I'm seeing yields of >5% here which I don't see elsewhere.

[fido]

NoelWatson said:

Let me know how you get on. Weybridge rental asking prices seem high - I'm seeing yields of >5% here which I don't see elsewhere.

Agreed, it's actually one place (along with Walton) that seems cheaper to buy (relative to renting) and a lovely part of Surrey - just a bit difficult for someone like myself who likes ambulating.