Rentals go so quick

My son is looking in Cheshire and he says exactly the same ?

The same in Bristol

used to be, we commented today how many are up for sale!!!

Yes! We put my mums house with a property company and they already had two people waiting for a house in her road so it was let immediately. The tenant we offered it to paid the deposit and first months rent straight away even though she could not move in for a month.

I don’t think this is new. We rented a flat back in the late 60s. We went to view it and were given to understand that we were the first viewers of the day. It wasn’t ideal or even as good as our previous flat but we snapped it up for fear of losing it altogether.

A family member recently bought a property to let out. He had a tenant ready to move in as soon as the sale was completed.

I've lived in the same rented house for 7 years. I'd been looking for a while and was getting desperate. I agreed the rental on the house where I live now on the same day the landlord completed the sale.

Ah pretty much the same everywhere then.
The poor social sector said they are overwhelmed and dealing with applications from April.

The flat above ours has been empty for months. It's just been let. The landlord was being extremely fussy about who he let the flat to out of courtesy to us other residents. He refused some junior doctors as he thought they might be noisy coming and going at odd hours.
We are very lucky. Poor DS is absolutely tortured by Air BnB occupants who just don't care. They're on holiday so they'll party till all hours and leave rubbish on the stairs and the secure door open.

Seems countrywide, lots of discussion about it on the House Buying, Renting and Selling forum on MSE. People that haven't been able to find somewhere to buy are trying to find a rental to avoid losing their buyer. I was so lucky to get my rental when I sold.

It’s encouraging that there is enough confidence in the economy here that the property market generally is so buoyant, both in sales and rentals.

I think property is still a good investment for the future as it’s unlikely there will be a shortage of people looking for somewhere to rent.
Property prices always go up, and apart from inevitable dips, it’s a good investment for, say retirement.

I inherited my mother's small flat and recently received a flyer from the local council saying they would buy leases on these flats at the market rate. This pleases me very much as the selling off of council property has led to many unforseen problems, so I will sell back to them

Several posts on local FB pages from people looking to rent flats and houses. Never see any being offered though

Some rentals in popular areas of Leeds are being snapped up without people viewing! If you wait for an agent to show you round a place, it will have probably gone by then!

Same situation for my 86y old friend in the Harrogate/Knaresborough area. She says it’s quite stressful and worrying at her age. At present she’s bunking up with family.

LadyStardust

Some rentals in popular areas of Leeds are being snapped up without people viewing! If you wait for an agent to show you round a place, it will have probably gone by then!

Any area with universities such as Leeds are particularly popular with buy-to-let landlords. I don't think many properties ever make it to the market to buy/let, the agents just deal direct with the landlords.

Many tower blocks going up around the country exclusively for the student market.

Just catching up and saw your post about Airbnb Aveline, my sympathies to your daughter. I was house hunting in Kent, and stayed in a very nice self contained unit at the back of someone's house. I hadn't realised the large 'shed' in the garden was also a rental.

The next morning the owner knocked to 'apologise' for the commotion in the early hours. I hadn't been woken, but apparently the couple staying in the shed had woken them at 3 am because they couldn't remember the side gate key code. The husband said he came down and helped the couple who were extremely drunk, and as he helped/dragged the woman into his accommodation she wet herself. He'd asked them to leave at noon and said he'd never known anything like it, his wife was a nurse doing early shifts and she was very upset about it. Then he asked me if I wanted to see the CCTV - I did decline! Made me think twice about offering Airbnb when I moved.

Rented my home out for two years, never again. He wrecked the place, and stopped paying rent, still employed as neighbour knew him, agents next to useless, insurance mostly refused wear and tear, although photos as I was leaving it showed immaculate cooker etc. Thank goodness I didn’t let it furnished, took most of my savings to return it back to the condition it was in, new kitchen, flooring, decorating. Yet as a tenant myself, even painted the walls as had couple of marks on them. Still ex service wife, know how to look after homes. Some people unfortunately don’t.

Rentals and sales gone within the first week whee I live.

What a nightmare for you Lincslass

That’s one advantage though of the current high demand for rentals as a good letting agent can help the owner pick the best applicant, who is likely to respect the property and look after it.

It’s not foolproof though, so we always take out a Rent Guarantee scheme which would kick in if the tenants refused to pay the rent.

I spoke to an estate agent recently and he said that, whether for sale or rent, when properties in the town come on the market there is usually a waiting list of people who are contacted. An ‘open house’ viewing is arranged and eight to ten people attend resulting in six to eight offers, with two of those being above the asking price in the case of sales.

The house next door to me was sold as soon as it came on the market for far above the asking price.

JenniferEccles

It’s encouraging that there is enough confidence in the economy here that the property market generally is so buoyant, both in sales and rentals.

I think property is still a good investment for the future as it’s unlikely there will be a shortage of people looking for somewhere to rent.
Property prices always go up, and apart from inevitable dips, it’s a good investment for, say retirement.

Yeah! It's great for landlords. Not so great for people who can't afford to buy and need to rent long-term. It's a sign that there isn't confidence in the economy. If there were, more people would have secure long-term jobs and would be eligible for mortgages.

The one thing a future government could do to "level up" would be to make investment in BTL lettings less attractive and to build more secure social housing.

grannyactivist

I spoke to an estate agent recently and he said that, whether for sale or rent, when properties in the town come on the market there is usually a waiting list of people who are contacted. An ‘open house’ viewing is arranged and eight to ten people attend resulting in six to eight offers, with two of those being above the asking price in the case of sales.

The house next door to me was sold as soon as it came on the market for far above the asking price.

It's heartbreaking for those looking to get on the property ladder or who need to rent.

Lincslass

Rented my home out for two years, never again. He wrecked the place, and stopped paying rent, still employed as neighbour knew him, agents next to useless, insurance mostly refused wear and tear, although photos as I was leaving it showed immaculate cooker etc. Thank goodness I didn’t let it furnished, took most of my savings to return it back to the condition it was in, new kitchen, flooring, decorating. Yet as a tenant myself, even painted the walls as had couple of marks on them. Still ex service wife, know how to look after homes. Some people unfortunately don’t.

Fortunately, most do. My ex husband rents out numerous properties and has hardly had any problems. I live in a road of privately rented houses and everybody looks after their homes.