#rents are (again) at record levels (according to Rightmove, at least) but interestingly around a quarter of all rental contracts are then concluded at a discount to the advertised rate....
This might be 'realism' by #landlords or suggest in some cases the rents advertised are not achievable - there are no renters prepared to pay these astronomical rents.
Given discounted rents have grown fro 16% - 23% in a year, may suggest #Landlord driven rent #inflation is peaking?
https://www.theguardian.com/money/2024/jan/26/private-rents-great-britain-record-rightmove-london
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-01-26 06:52:26
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-01-26 06:52:26Event JSON
{
"id": "6dfe2f26f79cad921fc62da9aa9bf78c4fd248fbad1a0045d315409f84c37872",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1706251946,
"kind": 1,
"tags": [
[
"t",
"rents"
],
[
"t",
"landlords"
],
[
"t",
"landlord"
],
[
"t",
"Inflation"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/111820927558702430",
"activitypub"
]
],
"content": "#rents are (again) at record levels (according to Rightmove, at least) but interestingly around a quarter of all rental contracts are then concluded at a discount to the advertised rate....\n\nThis might be 'realism' by #landlords or suggest in some cases the rents advertised are not achievable - there are no renters prepared to pay these astronomical rents.\n\nGiven discounted rents have grown fro 16% - 23% in a year, may suggest #Landlord driven rent #inflation is peaking?\n\nhttps://www.theguardian.com/money/2024/jan/26/private-rents-great-britain-record-rightmove-london",
"sig": "ef78980ab660f5c861b0586988aae309f5f5981428f8faeb60e576d6409557bdff1ede29cd9a989dc14c0ecb24da30592f7853b19a6d7d57747ff0dd917ff41c"
}