{"id":135821,"date":"2023-04-08T14:00:15","date_gmt":"2023-04-08T07:00:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-inside-the-super-charged-fight-for-rental-properties\/"},"modified":"2023-04-08T14:23:08","modified_gmt":"2023-04-08T07:23:08","slug":"bidding-wars-inside-the-super-charged-fight-for-rental-properties","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-inside-the-super-charged-fight-for-rental-properties\/","title":{"rendered":"Bidding wars: inside the super-charged fight for rental properties"},"content":{"rendered":"


\nFacing high demand and low supply, there is often only 48 hours to strike a deal. With some hopefuls paying \u00a350,000 upfront to secure a homeThe cost of renting in London and many other parts of the country has soared over the past year, with a lack of available properties meaning tenants face tough competition to secure a home. Some feel they have little option but to pay thousands of pounds upfront \u2013 \u00a350,000 isn\u2019t unusual \u2013 or sign longer leases to beat other hopeful applicants.According to the latest figures from the property website Zoopla, average rents in London have hit \u00a31,978 a month \u2013 up 15.2% over the last 12 months \u2013 while Rightmove said annual rent inflation in the capital was running at 15.7%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Bidding wars: inside the super-charged fight for rental properties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Facing high demand and low supply, there is often only 48 hours to strike a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-135821","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zkF","jetpack-related-posts":[{"id":129161,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-cash-up-front-and-auditions-inside-britains-broken-renting-market\/","url_meta":{"origin":135821,"position":0},"title":"Bidding wars, cash up-front and \u2018auditions\u2019 \u2013 inside Britain\u2019s broken renting market","date":"August 28, 2022","format":false,"excerpt":"\r Young professionals seeking private rental property tell of \u2018hundreds\u2019 applying for the same letBeth Holloway seems like the ideal tenant. The civil servant, 23, has a stable job, good references and earns a decent salary. And she doesn\u2019t smoke or have pets \u2013 factors that are often a disadvantage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130783,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-london-rent-hits-record-533-a-week-amid-property-shortage\/","url_meta":{"origin":135821,"position":1},"title":"Average London rent hits record \u00a3533 a week amid property shortage","date":"October 17, 2022","format":false,"excerpt":"\r Estate agents Foxtons says an average of 29 renters competed for each property in SeptemberThe average rental in London hit a record \u00a3553 a week last month with almost 30 applicants vying for each property, as landlords cashed in on soaring demand and a lack of new properties coming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bill-to-ban-england-and-wales-landlords-from-rental-bidding-wars\/","url_meta":{"origin":135821,"position":2},"title":"Bill to ban England and Wales landlords from rental bidding wars","date":"September 12, 2024","format":false,"excerpt":"\r Renters\u2019 rights bill goes further than expected to ensure tenants pay no more than advertised priceLandlords in England and Wales will be banned from renting out their properties for more than the advertised price under reforms set out by the government on Wednesday, as ministers seek to stop expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/need-to-find-a-cheap-london-flat-beware-the-agents-asking-for-upfront-fees\/","url_meta":{"origin":135821,"position":3},"title":"Need to find a \u2018cheap\u2019 London flat? Beware the agents asking for upfront fees","date":"August 23, 2015","format":false,"excerpt":"\r By offering to \u2018relocate\u2019 you, rather than letting you a property, companies get round the rules their rivals must stick to. Emma Lunn reportsHousing experts are warning tenants to think twice before using \u201crelocation\u201d or \u201cappointment-making\u201d agents who charge tenants an upfront cash fee just to look around budget\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-renters-offer-tenant-cvs-and-years-rent-upfront-to-try-to-secure-a-home\/","url_meta":{"origin":135821,"position":4},"title":"UK renters offer tenant CVs and year\u2019s rent upfront to try to secure a home","date":"November 17, 2023","format":false,"excerpt":"\r Once in a property, renters can find landlords monitoring their behaviour and making demands about washing and heating \u201cI am from Manchester but have been living in London for the past six years. I am an IT engineer at a renowned London company, where I\u2019ve been employed for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116571,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-pandemic-sparks-real-estate-bidding-wars\/","url_meta":{"origin":135821,"position":5},"title":"Coronavirus pandemic sparks real estate bidding wars","date":"May 21, 2020","format":false,"excerpt":"\r Real estate bidding wars are on the rise amid the pandemic due to the drop in the supply of houses available for sale.\r \r Source : cnbc.com\r Read more...Coronavirus pandemic sparks real estate bidding wars","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135821"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=135821"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}