High housing costs force Londoners to live with their ex

May 8, 2012 Leave a comment

High housing costs force Londoners to live with their exHigh housing costs within London have meant that many couple feel obliged to move in with each other, or that former partners must remain in the same home.

A survey by Shelter has found that couples moving in together for financial reasons was around 235,000 whilst a further 128,000 had to stay living with their ex. One example which was given by Shelther was the case of 37-year old ‘Carla’. Although she earns nearly £50,000 she cannot afford to move out and must still live with her ex-boyfriend. Carla believes that the reason she is finding it hard to find another property is due to the fact that the London property market is so competitive and some people secure properties by paying the rent for the next six months in advance. Read more of this post

Filed under Flatshare, Future housing market, Housing market, Property market economy, Property news, Rents Tagged with , , , ,

UK flatsharers pay the highest rental bills in Western Europe

November 25, 2011 Leave a comment

UK flatsharers pay the highest rental bills in Western EuropeAccording to the flatshare website Easyroommate.co.uk, which analysed 33,000 UK, French, Italian and Spanish rental properties, UK flatsharers pay the highest rent in Western Europe with an average monthly rent of £360, reported by propertytalklive.co.uk. Brits are paying at least 5% more per month than tenants in other countries. The second most expensive country is France, where the flat rent cost is £342 per month.

UK rent is 22% higher than in Italy, the third most expensive out of the analysed countries (£282 pcm) and 56% higher than that in Spain (average room cost is £230 pcm).  The director of Easyroommate Jonathan Moore emphasised the difficult situation of flatsharers who can’t afford their own place and must depend on highly priced rental accommodation. Read more of this post

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Student housing interior needs to be refurbished

October 7, 2011 1 Comment

Student housing interior needs to be refurbishedAs the university semester begins, students all over the country are moving into their new homes, where they will probably stay for the next 8 months or longer. Market Wire reported that according to Lima Europe, interior design and construction company in London, student housing interior needs to be renovated.

There is a big demand in the rental market at the moment, especially in large cities like London, and some landlords are taking advantage of the fact that there will always be someone willing to rent a place, even if it leaves a lot to be desired.

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Student housing investment is more attractive than ever

September 30, 2011 Leave a comment

Student housingA new report by Taylorvinters regarding the UK property market has identified the student property market as one of the most profitable and worthwhile markets to invest into. Student housing investment nationwide has yielded high turnover rates for many landowners.

Director of Easyroomate.co.uk, Jonathan Moore stated that specific cities throughout the nation such as London, Manchester, Brighton, Edinburgh, Birmingham and Liverpool are important and profitable university cities where demand for student properties is high while prices are high and supply low. This combination of optimal demand and supply makes these cities very profitable. Read more of this post

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More couples share their flat as rents are rising

May 20, 2011 Leave a comment

Couples forced to share flat with more tenantsThe increase in rents has forced more couples to share their property. Almost double as many couples are looking for flatmates compared to one year ago.

A study that was made by the flatsharing website easyroomate claims that 11% of the people looking for a rental object are willing to share a room with a partner to decrease their costs.

This development has been quickly embraced by the landlords, who are offering rooms for couples to meet the demands. The fact is that there are four times more double rooms for rent on the market than last year in May.

The rents have increased to a £692 per month making it a 0.8% increase during April. The renting costs are now £30 higher per month then it was in April 2010. One reason for the higher rental costs is the increased demand on rental property.
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