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Tuesday, January 06, 2009
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| PricedOut Discussion
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lazen
Activist
Posts:326
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| 28/07/2008 8:07 AM |
 Alert
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A strange thing might appear to be happening in UK rents as rents rise?
The minumum basic accommodation in the uK private rented sector is the humble garratt room fitted merley with a washbasin and sink plus a bed.
There may be little or no central heating and draughty rattling windows.
It may be necessary to share a toilet with 10 other people down the corridor.
The price for such places in City area tends to hovver around £70-130 per week.
It is however showing signs of rising.
However the next step up would be a more self contained "studio"apartment
or one bed flat.These tend to be more modern may have a small kitchen,own shower/bath and often their own toilet so no sharing.
The prices of these tend to hovver around £160-£200 per week but have been falling slightly over time due to lack of demand and buy to let woes.
So a convergence appears to be opening up:
Where the bog standard garrat dwellers find they can after all afford rents that would with a little more pushing rent a sumptuous studio instead.
The reckoning goes well Im paying £160 a week anyway so why not switch to a studio?
This would leave the one room garrats increasingly empty and hard to let.
as trendy younger tenants shunned them.
Good news for remaining Garrat tenants
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