Comments on: Homeowners stay put as prices slide http://www.landlordzone.co.uk/blog/news/homeowners-stay-put-as-prices-slide The LandlordZONE Weblog - news, economic and legal developments, current affairs and a knowledgebase for those involved with Rental Property, residential and commercial: Investors, Landlords, Property Managers, Letting and Estate Agents, Tenants and Professionals. Wed, 03 Dec 2008 21:50:31 +0000 http://wordpress.org/?v=2.6 By: barry manners http://www.landlordzone.co.uk/blog/news/homeowners-stay-put-as-prices-slide#comment-6374 barry manners Sat, 05 Jul 2008 15:13:28 +0000 http://www.landlordzone.co.uk/blog/?p=486#comment-6374 We're seeing a similar trend with tenants renting in London. Tenants are for the moment, at least, staying put. Vacate notices are down at least 25% on a year ago. Interestingly there are more instructions of mid price range property - circa 40% up. These are very often new landlords - to us, at least. Seems that landlords are going multi agency when their tenants do give notice. In the meantime rents in Central London at the bottom end are rising (we all need to live somewhere), whilst in mid price ranges adjusting asking prices have moved downwards to attract tenants. Landlords are generally receptive and the volume of lettings business agreed is actually up, year on year. It's all part of a picture of uncertainty; landlords worried they won't find a tenant. Tenants staying put to "wait and see" (a minor job cull in the city won't have helped). Amazingly for a government that revels in micro interference, there's a total lack of initiative from them on this. Barry www.chard.co.uk barry.m@chard.co.uk We’re seeing a similar trend with tenants renting in London. Tenants are for the moment, at least, staying put. Vacate notices are down at least 25% on a year ago.

Interestingly there are more instructions of mid price range property - circa 40% up. These are very often new landlords - to us, at least. Seems that landlords are going multi agency when their tenants do give notice.

In the meantime rents in Central London at the bottom end are rising (we all need to live somewhere), whilst in mid price ranges adjusting asking prices have moved downwards to attract tenants. Landlords are generally receptive and the volume of lettings business agreed is actually up, year on year.

It’s all part of a picture of uncertainty; landlords worried they won’t find a tenant. Tenants staying put to “wait and see” (a minor job cull in the city won’t have helped).

Amazingly for a government that revels in micro interference, there’s a total lack of initiative from them on this.

Barry
http://www.chard.co.uk

barry.m@chard.co.uk

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