This data is from the ONS, via The Telegraph:
What do Wales, Scotland and Northern Ireland have in common? Governments that want out of the UK, of course.
They have hope.
England does not.
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I thought you thought it was a good thing that house prices fell because it improved affordability?
If you wish to quote me out of context tyou could say that, but as a result you are missing my argument. In other words, why quote out of context?
A quick look on Rightmove suggests that there are quite a lot of decent looking houses for sale in Irvine* and Merthyr Tydfil at under £100K so property prices moving roughly in line with inflation makes some sense in a way that it doesnt in London.
*Irvine, home of The Magnum Centre as mentioned in several Kevin Bridges jokes – the pool is F**** Freezing, also the Scottish Maritime Museum
They also have average prices that are lower. London generally still has hope – that’s why it hasn’t moved so much towards Reform. But it’s by far seen the biggest drop.
So… I have had an email from my landlord to tell me that my monthly rent is going up… £170 a month. I had to do a double take when I read that. £170!!! I am livid and heartbroken.
Previous increases have been £25, £25, £50, £50, £100 , £100 then last year it dropped to £75. We had assumed that the increase would be to around £100 but where does the extra come from?
My wife is distraught, we are already working all hours.
You’d think the simple answer is ‘well just move out then’ but it really isn’t that simple.
We have written to the landlords and received waffle in response, to sum up ‘if you don’t like it, get out’
The rent increase as outlined in the Section 13 is regrettably non-negotiable in that xxxxxxx does not negotiate the incremental rent increase per month, this is due to the analysis that has already taken place with consideration of aligning the rent closer to that of the current market rate. Increase of rent in accordance with local market rent is susceptible to many external factors, xxxxxxxx endeavour to ensure any rent increase is both fair and consistent, with consideration for plot and property size, position and facing within the development and the amenities at the property.
How can anyone live like this!?
There feels nowhere to turn and nothing we can do to challenge this. And they ‘ the landlords’ will just keep on going each year with the price increases.
There are now 6 vacant properties – surely there is no logic to keep hiking up occupants rent!? Or am I naive in thinking that!?
If anyone can offer me suggestions as to what to do (other than move out) please let me know…
Broken hearted.
I am broken hearted for you
I have just finshed writing a video on why the Bank of England is keeping interest rates too high, and so rents as well
They are entirely to balme, and so too then is Rachel Reeves. All the neoliberal parties are the same though
Edward
You need to make your local authority aware that you are there and what you situation is. If you think that you will be made homeless because of the rent you need to talk to them about it pronto. It also depends on whether you are in council housing or renting privately. Reach out and see what might be there to help. Check if you are getting all your benefit entitlements as well and that you are maximizing your income.
Thank you
Thank you PSR.
In addition to excellent advice from others about informing the council, and also getting advice from a housing-advice charity on your rights and access to social security, talk to ACORN if you have a local branch, and are prepared for their robust assistance.
https://acorntheunion.org.uk/
If your landlord hadn’t voluntarily leveraged their rental business (buying overpriced homes using unaffordsble levels of debt) then they could choose to house you affordably despite rising interest rates. They made bad business choices, but they expect you to carry the can, and the state to pick up the consequences in human suffering.
Our political class approve of the system, it suits them very well.
This, too.
The End of Housing Wealth? What Happens if the Economy Continues to Shrink | Chatting about Localism
Much to agree with
An insightful discussion on a topic that affects everyone. Building a fairer and more sustainable economy requires thoughtful policies, long-term planning, and a commitment to balancing economic growth with social and environmental responsibility.