Has renting gone mainstream?

This is a legacy post from the findaproperty.com blog which is now maintained as an archive within the Zoopla blog. Links have been preserved.

In the past couple of years Britain has turned into a nation of renters as vast numbers of us have simply got used to long periods of being tenants. The effect of this is that renting a home has gone mainstream and is no longer considered something stop gap for young people and students.

Anyone who’s had to find a new rental home over the past year will already know that rents are up. But why? The rental market is all about supply and demand and at the moment the shortage of quality homes to rent in desirable locations is keeping prices pushing upwards.

The latest FindaProperty.com rental index reports that average monthly rent was 4.9 per cent up to £860 in March, compared to £820 at the same time last year. And this has happened as supply dropped 35 per cent since April 2009. The index shows that except for a brief dip over the traditionally quiet Christmas period, rents rose consistently during the past year.

There’s a regional picture here too. In Scotland rental prices increased by 2.7 per cent over the past three months, the highest rate of any region, yet it fell by 2.7 per cent in the North West during the same period. In London, rents increased by £43 to £1,968 pcm, an increase of 2.2 per cent, and they increased by 17 per cent since last March. Meanwhile the North West recorded the most drastic change in fortune over the past three months, with a 2.7 per cent decline in rental prices over the period compared to a 1 per cent increase the quarter before.

With supply down and demand high, it certainly seems like the current trend is set to continue in the future, at least for the short term.

May 24, 2011 at 12:27 PM Leave a comment

Exclusive: the house where Jersey will turn to… Geordie Shore

This is a legacy post from the findaproperty.com blog which is now maintained as an archive within the Zoopla blog. Links have been preserved.

Excitement is mounting as a new reality TV show prepares to broadcast that’s set to eclipse The Only Way is Essex, if its pre-publicity is a guide, and we’ve tracked down the location of the house where it is being filmed.

Geordie Shore is a UK version of the US hit show Jersey Shore about eight 20-something guys and gals (pictured, below) growing in the beach district of New Jersey.

Image: Google Maps

The UK version is the same format but set in the upmarket neighbourhood of Jesmond, north of Newcastle city centre. The eight will be living in a house watched 24-7 by cameras – it’s Big Brother without the residents being locked in.

And we can reveal where the house is. It’s one of the million-pound-a-piece, terraced, three-storey Victorian house on Carlton Terrace, opposite Newcastle City University’s main Robinson Library.

From (LtoR) Boys: Gary (23), Greg (26), James (20), Jay (25). Girls: Vicky (23), Charlotte-Letitia (20), Holly (18), Sophie (21).

These are some of the city’s most expensive homes and many of them were recently refurbished with an official council blue plaque commemorating the centenary of the terrace (1887-1987) now affixed to No.11.

But it is No.9 where the Geordie Shore TV series is being filmed, an event which might upset the quiet life of the terrace on which footballer Kieran Richardson is said to live too.

Prices for refurbished examples of these terraced homes vary but they have taken off recently. Since 2007 three have sold for £1m-plus and two are currently on the market – No.11 for £995,000 and No.8 for £1.1m.

The show is due to kick off on MTV on 24 May at 10pm and will no doubt turn, for a while, this normally discreet street into a media circus of screaming fans and TV crews. The houses, which have survived more serious onslaughts including the city’s heavy bombing during WWII, will no doubt survive.

May 18, 2011 at 4:57 PM Leave a comment

Win an iPad every month in the Zoopla Facebook competition

Terms & Conditions

Eligibility: This contest is open to residents of the United Kingdom who must be 18 or older. One entry per user only. The user must have a Facebook account and must ‘like’ Zoopla on Facebook to be entered. Zoopla employees are not eligible to enter.

Duration: This current contest will run until 23.59hrs on 30th June 2011 and run every month thereafter until further notice.

The prize: an iPad 2, 16GB, Wi-Fi version in black or white – winner will get a choice, subject to availability. The winner is responsible for any monthly contract or equivalent that may be associated with their prize.

How to enter: A Facebook account is required to enter this contest. Users need to ‘like’ the Zoopla Facebook page and answer the current competition question by posting their answer on the Zoopla Facebook wall in order to be entered into the prize draw. The winner will be selected via a prize draw of all successful entrants made by the competition closing date. No cash equivalent or alternative product will be an option. Zoopla Ltd reserves the right to change the prizes or intervals at any time without any prior notice. The judges’ decision will be final and no correspondence will be entered into.

The winner:  One winner will be announced through our Facebook Page and contacted via their Facebook account. If the winner does not respond within 10 days after announcement, a new winner will be chosen.

Competition partners:
Loquax
Crazy Compers
ThePrizeFinder – UK Competitions
Competitions Today

May 18, 2011 at 4:31 PM 1 comment

The Beckhams’ renting reality

This is a legacy post from the findaproperty.com blog which is now maintained as an archive within the Zoopla blog. Links have been preserved.

Victoria and David Beckham are really just like the rest of us when you think about it: sometimes your life situation means you’re better off renting –at least for a while.

And that’s especially true if you’re a working mum juggling the demands of career and family or a hands-on dad with his nose to the grindstone at LA Galaxy. And with Posh pregnant with child number four, renting this £16 million Malibu mansion for the summer, seems, well, the sensible option for this transatlantic power couple.

picture: Trulia

With seven bedrooms and nine bathrooms, Posh and Becks apparently chose this corker of a home because of its secluded location overlooking a beach where their sons Brooklyn, 12, Romeo, eight and Cruz, six can frolic freely in the summer sun. It can’t hurt that it’s also got a 50 foot pool, a spa, a sauna, a tropical gardens and that it has views of “gray whales hugging the shore as they migrate” around the coast.

picture credit: Trulia

According to The News of the World, the family are paying £61,000 a month for the luxury pad.

picture credit: Trulia

But given the home is currently listed for sale (for $27 million), the Beckhams are no doubt trying to keep the place spick-and-span in case potential buyers need to come round to view the property at short notice.

picture credit: Trulia

So, yes, the Beckhams are just like tenants everywhere, really.

May 18, 2011 at 11:27 AM Leave a comment

What property hunters were looking for in April – Zoopla Keyword Search

Just over a year ago we gave you the ability to search property listings on Zoopla.co.uk by any keyword you want. That’s right, any keyword relevant to your property search that are mentioned in the property for sale or to rent details – garage, studio, parking and so on.

Since we launched the feature, the feed back has been great, so we thought we’d start to share with you some of the keywords that those hunting for property are currently looking for.

Don’t forget, you can also use the feature to search for exact phrases by using quotation marks e.g. “double garage”, or to exclude a term you can prefix it with ‘-’ e.g. -studio.

Here is a little more on the Zoopla keyword property search

Top 10 property search keywords – April 2011

Rank Property Buyers Property Renters
1 Detached Garden
2 Bungalow Garage
3 Garden Parking
4 Garage Studio
5 Cottage Detached
6 Rural Furnished
7 Land / Acres Rural
8 Parking Balcony
9 Character Bungalow
10 Annexe Bills included

Source: Zoopla.co.uk – April 2011

May 17, 2011 at 12:56 PM Leave a comment

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