Will UK rent prices decrease due to all the deaths?

[Deleted User 298457]

Exactly a handful.

It's not going to be a mass migration in the millions.

Not sure I'm the authority on migration

 

[Deleted User 298457]

only person I know who's considering moving is from a flat in the city centre to the outskirts so they can have a garden....think that's more likely than people moving to the countryside, lots of people want to live in cities/near cities for reasons other than work

I think it's moving to alternative cities - Birmingham for example is on the up for Londoners. My example was a Londoner going as far as York.

These are folk who moved to London for work, stuck around for a while, and are now moving back to cities near parents and so on. Their kids need baby sitting etc so it's a double win and COVID forced the issue so lots lapped it up.

 

[Theophany]

Doubt it.

The number of people thinking I no longer need to live here and would rather live in the countryside has got to be a small minority.

I mean who is going to sell up and move everything just because of a temporary WFH arrangement. No company has said that it's a permanent arrangement it's only until things settle.

https://www.bbc.co.uk/news/uk-england-norfolk-55738780

I can't be bothered to link all the other companies who are adopting it as standard practice, but there are quite a few in the sector I work in alone. I do admire your consistency at being incredibly wrong on every single topic you share your wisdom with us on though.

 

[Deleted User 298457]

https://www.bbc.co.uk/news/uk-england-norfolk-55738780

I can't be bothered to link all the other companies who are adopting it as standard practice. I do admire your consistency at being incredibly wrong on every topic you weigh in on though.

Yeah I was about to say, first Google result alone highlights 1.6m.

I think numbers are flawed at the moment too. Lots are still in contract for London rentals and they're staying their because they are paying no matter what. When their leases are up and the flat share loses one person, it all spirals and folk will move out.

That's not to say London won't still be growing above market rate. It's a beautiful place.

 

[Psycho Sonny]

https://www.bbc.co.uk/news/uk-england-norfolk-55738780

I can't be bothered to link all the other companies who are adopting it as standard practice, but there are quite a few in the sector I work in alone. I do admire your consistency at being incredibly wrong on every single topic you share your wisdom with us on though.

I guess all the doctors, waitresses, shelf stackers, etc etc can all work from home too?

It's just office jobs and then office jobs where they don't require a physical presence. I mean if you are trying to sell someone a car in a showroom you cannot do that from home. They want a test drive, etc.

The people who work in offices that can work from home aren't in the majority. And then the number of those offices who will adopt a working from home policy permanently is an even smaller minority.

Otherwise why do we have a thread where apparently houses in London are still growing at £50k per year? If everyone is moving out of London

 

[Theophany]

I guess all the doctors, waitresses, shelf stackers, etc etc can all work from home too?

It's just office jobs and then office jobs where they don't require a physical presence. I mean of you are trying to sell someone a car in a showroom you cannot do that from home.

The people who work in offices that can work from home aren't in the majority.

"No company has said that it's a permanent arrangement it's only until things settle."

You literally typed that. It's wrong. You were wrong. Take your weak, deflective style of argument to the toilet, where it belongs.

Yeah I was about to say, first Google result alone highlights 1.6m.

I think numbers are flawed at the moment too. Lots are still in contract for London rentals and they're staying their because they are paying no matter what. When their leases are up and the flat share loses one person, it all spirals and folk will move out.

That's not to say London won't still be growing above market rate. It's a beautiful place.

I left pre-COVID and as much as I do like the place, living and working there for a decade was not doing me any favours. Moving back out to the countryside has done me the power of good and I would imagine a good chunk of other people have had that realisation foisted upon them.

That being said, I know plenty of 'born and bred' Londoners to whom country living wouldn't appeal in the slightest. Different strokes for different folks and all that.

 

[Deleted User 298457]

I guess all the doctors, waitresses, shelf stackers, etc etc can all work from home too?

It's just office jobs and then office jobs where they don't require a physical presence. I mean if you are trying to sell someone a car in a showroom you cannot do that from home. They want a test drive, etc.

The people who work in offices that can work from home aren't in the majority. And then the number of those offices who will adopt a working from home policy permanently is an even smaller minority.

Otherwise why do we have a thread where apparently houses in London are still growing at £50k per year? If everyone is moving out of London

There is literally data and peer reviewed papers on this exact topic. London house prices are slowing but still out performing the rest of the UK. Areas of the UK are doing better than ever as people move out from London. Birmingham, Crewe, Sheffield - all have great links to London that people could commute quicker than zone 3 a lot of the time.

 

[Deus Ex]

I guess all the doctors, waitresses, shelf stackers, etc etc can all work from home too?

I think the top of the market in some areas may drop off. a lot of professionals are now much more mobile and working from home may become normal for 1-3 days a week, which might make longer commutes tolerable.
Even doctors are pushing where they can live to the limits. We have a 30 minute on call radius from the hospital and people have moved to the countryside to the edge of that circumference, Covid has altered priorities.


Didn't stop me buying commercial property REIT however.

 

[Resident]

Back to the OP's question.

My suspicion is that the excess houses from the dead will be bought up by buy-to-let landlords. Or even worse, buy-to-leave landlords / investors. This is where they buy the houses/apartments but don't actually use or rent them out, leaving them empty. The sheer volume creates an ongoing shortage of properties, making them go up in value and making the market for first-time buyers less accessible.

With such a housing defecit you'd think that the government would step in and curb BLT either by an outright ban, adding additional taxes making it unpalatable or reintroducing rent controls linking rent price to house value.

The latter would be a good thing imo. As the rent price is linked to the value then it's in the vested interest of the landlord to keep the house in a better condition.

 

[[FnG]magnolia]

TFW four Don replies make up the first 9 posts

 

[chaparral]

Sounds harsh, but likely true.

With 100K + dying due to Covid, will this decrease UK rent prices in the coming year or two, due to spare capacity of rooms, houses etc?

A lot of time when older people die there money, House, assets etc are left to family members which then helps some of these family members to buy a house

So this could actually mean more houses are needed

 

[Will Gill]

TFW four Don replies make up the first 9 posts

Even more if you subscribe to the CT that outcast440 is a moderator troll account

 

[[FnG]magnolia]

Even more if you subscribe to the CT that outcast440 is a moderator troll account

5 of 9.

6 if you include my posting.

 

[Feek]

Even more if you subscribe to the CT that outcast440 is a moderator troll account

hahahahahahahahahahahaha *breathe* hahhahahahahahehehehehehehehahahahahahaheheheheheheheahahah

 

[neil_g]

What you will see is a decrease in rent prices in big cities and an increase in the suburbs and countryside. There has been a measurable flight of people leaving the city when they are able to work from home, not being trapped in small apartments.

*Laughs in rural internet*

 

[Fusion]

There is literally data and peer reviewed papers on this exact topic. London house prices are slowing but still out performing the rest of the UK. Areas of the UK are doing better than ever as people move out from London. Birmingham, Crewe, Sheffield - all have great links to London that people could commute quicker than zone 3 a lot of the time.

Sheffield is 2 hrs at best, and Crewe just under 95 mins. Where in Zone 3 does that beat, assuming you've got to get to/from stations in all cases?

 

[Deleted User 298457]

Sheffield is 2 hrs at best, and Crewe just under 95 mins. Where in Zone 3 does that beat, assuming you've got to get to/from stations in all cases?

London is a big place so too many variables. Trains to Waterloo and then Waterloo and city line get you into the city much quicker than Clapham though, for example. The first reaction I get from folk asking where I live is 'i bet we have the same/similar commutes, too!' - maybe not as far as Sheffield for this analogy but Birmingham definitely. Crewe isn't far behind. HS2 will make a real difference to those only doing a couple of days in the office going forwards.

 

[Fusion]

London is a big place so too many variables. Trains to Waterloo and then Waterloo and city line get you into the city much quicker than Clapham though, for example. The first reaction I get from folk asking where I live is 'i bet we have the same/similar commutes, too!' - maybe not as far as Sheffield for this analogy but Birmingham definitely. Crewe isn't far behind. HS2 will make a real difference to those only doing a couple of days in the office going forwards.

Think there's something to be said about the 90 minute marker. Birmingham is the right side of this. Nottingham is the other side of it, they've been pushing for 90 mins for years. HS2 would cut it down to 52 mins, if it ever gets built as planned. Would be a shame if it didn't, as it would really shake up the housing market in many places. The likes of Nottingham and Birmingham would see a good boost, as they'd be in the middle of the network, and would benefit from reduced travel times either way.

 

[Deleted User 298457]

Think there's something to be said about the 90 minute marker. Birmingham is the right side of this. Nottingham is the other side of it, they've been pushing for 90 mins for years. HS2 would cut it down to 52 mins, if it ever gets built as planned. Would be a shame if it didn't, as it would really shake up the housing market in many places. The likes of Nottingham and Birmingham would see a good boost, as they'd be in the middle of the network, and would benefit from reduced travel times either way.

For sure. And speaking from experience, the East Mids train unloading at St Pancreas at the crack of dawn - thousands of folk are doing this. Carriage empty for the nutters like me doing St P to the north, lol.

 

[Narj]

In my experience, the office with be moved to where it’s cheaper without inconveniencing the senior management. The rest of the employees will be offered a pittance to offset the travel costs and told to “suck it up”.

Been there, quit that job. New office was in the next town to the CEO's house!