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2019 Rental Prices.

 
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Drax



Joined: 21 Jul 2016
Posts: 115
Location: Yorkshire Dales

PostPosted: Sat Aug 11, 2018 5:27 pm    Post subject: 2019 Rental Prices. Reply with quote

We are looking to 2019 and considering increasing our rental prices.
I have looked at similar properties in our locality and compared their rates to ours. Currently we are very competitively priced and I would not like to lose our 'edge' over them. However we have not increased our prices at all for the three years we have been in business and of course costs of running the holiday let have gone up during this period.
Are others on this site considering upping their rates next year?
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Cymraes



Joined: 07 Jul 2015
Posts: 438
Location: North Wales

PostPosted: Sat Aug 11, 2018 7:03 pm    Post subject: Reply with quote

Yes - I've gone up about 3% after holding for 2 years.
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COYS



Joined: 06 Jun 2015
Posts: 794
Location: Greek Islands

PostPosted: Sun Aug 12, 2018 6:28 am    Post subject: Reply with quote

I've never been convinced that being the cheapest is much of an edge at all. If you have confidence in your product, price & market it accordingly & you will sell it. Something that is good value is often more attractive than something that is just inexpensive.
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AndrewH



Joined: 12 Sep 2013
Posts: 1444
Location: Kefalonia, Greece

PostPosted: Sun Aug 12, 2018 10:49 am    Post subject: Reply with quote

COYS wrote:
I've never been convinced that being the cheapest is much of an edge at all. If you have confidence in your product, price & market it accordingly & you will sell it. Something that is good value is often more attractive than something that is just inexpensive.

+1
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Giraffe



Joined: 26 Jun 2016
Posts: 410
Location: Cornwall, England

PostPosted: Mon Aug 13, 2018 10:54 am    Post subject: Reply with quote

+1
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Drax



Joined: 21 Jul 2016
Posts: 115
Location: Yorkshire Dales

PostPosted: Mon Aug 13, 2018 1:20 pm    Post subject: Reply with quote

COYS wrote:
I've never been convinced that being the cheapest is much of an edge at all. If you have confidence in your product, price & market it accordingly & you will sell it. Something that is good value is often more attractive than something that is just inexpensive.



On the other hand and from personal experience something very expensive is no guarantee of satisfaction or quality either.
Our holiday let is not at the luxury end of the market, thus our rental prices reflect this. We offer warm, comfortable premises to people seeking a holiday at reasonable prices.
There is quite a lot of local FHL competition in our area and that is why we try to meet this competition with sensible and realistic rental prices.
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rosebud



Joined: 14 Mar 2012
Posts: 616
Location: Steyning, West Sussex

PostPosted: Tue Aug 14, 2018 8:03 am    Post subject: Reply with quote

I tend to put my weekly rate up for periods that have proved especially popular in the previous 12 months

AirBnb's increasing hold locally has led me to reduce short break rates ..
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Jenster



Joined: 08 Mar 2016
Posts: 453
Location: Cornwall

PostPosted: Thu Aug 16, 2018 12:11 pm    Post subject: Reply with quote

Drax wrote:
COYS wrote:
I've never been convinced that being the cheapest is much of an edge at all. If you have confidence in your product, price & market it accordingly & you will sell it. Something that is good value is often more attractive than something that is just inexpensive.



On the other hand and from personal experience something very expensive is no guarantee of satisfaction or quality either.
Our holiday let is not at the luxury end of the market, thus our rental prices reflect this. We offer warm, comfortable premises to people seeking a holiday at reasonable prices.
There is quite a lot of local FHL competition in our area and that is why we try to meet this competition with sensible and realistic rental prices.


+1. This is my approach too
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limousin-cottage



Joined: 23 May 2008
Posts: 465
Location: Haute Vienne, France

PostPosted: Fri Aug 17, 2018 7:49 am    Post subject: Reply with quote

I too think I should make some sort of increase for 2019, after holding prices for f our years. I think my prices are too cheap anyway.
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