Rental market, stupidly competitive

[xGBHxPegasus]

Hmmm, lucky! Was it a town, city?

Pretty much in Purley town centre, opposite a tesco's extra, probably 2minute walk to the train station.

Cuts my commute in half which I'm very happy about

 

[kwerk]

Sounds like these rentals are too cheap if they are going so fast. Land lords should raise the price.

 

[LeeUK]

Happened to me once, nice cheap flat popped up on Zoopla one morning, Phoned letting agent to arrange a viewing. I was willing to go an view it there and then or anytime that day but no, they wanted to book me in for 2 days later. Then that afternoon I got a one line email basically saying oh sorry it has just been let out.

Letting agents are total shysters.

 

[The_Abyss]

Letting agents are total shysters.

They work for the landlord though, not for you.

 

[LeeUK]

They work for the landlord though, not for you.

So that gives them excuse to give crap service?

 

[The_Abyss]

Not at all. Just putting the alternative view on the service the landlord may have received on this occassion (we've put your flat up for rent, strong demand, lots of appts that we're managing, it is now let).

 

[pitchfork]

It's so difficult because property developers are being propped up by government schemes, it's inflating the cost of both renting and buying an extraordinary amount.

 

[Scrumpy_Jack]

Hate renting, always had bad landlords, much prefer to own.

 

[Gammawolf]

The house next door to me has been on the rent market since October. Still empty, mind you, its up for £200 a month more than I'm paying for my rent.

It's the same 4 bed layout as mine though, and similiar sort to decor quality. So I'm not sure where the £200 extra a month comes from.

I don't understand the logic to this from the owners perspective, surely the lost rent from even a couple months outweighs the higher rent? I would have personally started dropping the rent every month it went unoccupied..