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Although the housing market is suffering in sales, rentals are going quite strong.  We found that out in our search for living accommodations.  As soon as we made up our minds about a property, it was gone.

The rental market is good enough to support the seemingly high rents that are being asked.  The high cost was what was preventing us from making rapid decisions.  The lack of housing options also contribute to the high cost.  High demand, low supply.

At times, we regret that we did not decide quick enough and lost out on the best house available.  However, we have to move on.  Our house is not “bad”, except that it needs a new roof (in the works) and a new bathroom (in the future works).  We have a wonderfully scenic view of the country and we know we don’t have to worry about crime and such.

One major thing we did not take into account when we did decide to accept a property is the council tax.  We never asked and really did not even know about it.  If we had, we might have made a different decision.  Who knows.

The housing market is expected to increase as people are lowering their asking price.  If it does improve, I wonder how it will affect the rental market.  Will it still remain robust, continuing to ask for high rents?  Or will it mean that people are less likely to rent and the rents will fall?  Let’s wait to see.