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UK property letting in robust health.

The UK property lettings market is in robust health but landlords should be aware of the pitfalls of a buoyant sector, it is claimed.

According to Caroline Kavanagh, group lettings director for Townends Estate Agents, part of Badger Holdings, it has been a positive first half to the year.

‘The market has remained positive with demand in many places continuing to outstrip supply, giving landlords the choice to pick and choose their preferred tenants to a degree. There has been a clear trend of an increasing number of tenants wanting to stay on in what we classify as prime rental properties. These are defined as well located properties which are presented in truly excellent condition throughout,’ she said.

 

 

Source: Property Wire

 

To read full article please follow this link

UK landlords becoming more competitive for sought after student market.

With more students in the UK living in privately owned hall style accommodation, landlords in the sector are having to compete more to attract them as tenants, new research has found.

But they are doing so successfully and 70% of landlords let all of their properties for the 2014/2015 academic year, according to a bi-annual survey from student accommodation website Accommodation for Students.

 

 

Source: Property Wire

 

To read full article please follow this link

Row breaks out over issue of retirees downsizing in the UK.

Older home owners in the UK should not be forced to downsize just to let the younger generation onto the housing ladder.
 
Saga, a services and advice provider for people aged over 50, has hit out at remarks attributed the Financial Conduct Authority, the UK’s financial watchdog, that retired people should not continue living in properties that are too big for them.
 
Lynda Blackwell, head of mortgages at the FCA, is reported to have told Ministers that they need to address the situation in the UK where retired people continue living in the family home once their children have left.
 
 
Source: Property wire
 
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UK private rented sector stable with voids at historic lows.

The private rented sector in the UK is a stable market where yields have seen modest improvements and void periods, the average amount of time PRS properties spend unoccupied, are at historic lows.

More than half of those landlords surveyed in the latest trends data report from Paragon Mortgages report steady tenant demand over the quarter, while 40% said tenant demand was either ‘growing’ or ‘booming’.

 

 

Source: Property Wire

 

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Rents in England and Wales up almost 3% in last 12 months.

Residential rents in England and Wales increased by 2.8% in the last year to an average of £763 and are now 16% higher than in 2010, according to the latest rental index to be published.

The data also shows that over last five years rents have grown by an average 3% per year but after inflation is taken into account this amounts to just 0.6% annually, the buy to let index from Your Move and Reeds Rains shows.
 

 

Source: Property Wire

 

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Average house prices in British seaside towns up by a third since 2005.

House prices have increased, on average, by a third across British seaside towns over the past decade, according to the latest research.

Prices are up by 31% or £49,207, equivalent to £410 per month, from £159,522 to £208,729, the data from UK lender the Halifax shows.

However, there is a marked north/south divide in property values in seaside towns, with all 10 of the most expensive seaside towns in southern England, and seven in the south west alone.

 

Source: Property Wire

 

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Exchange rates and golden visa encouraging overseas buyers in Spain.

Currency exchange rates are encouraging even more foreign buyers back to the Spanish property market and this is reflected in increased sales, especially in popular areas.

New legislation to relax the requirements for Spain’s golden visa which allows non-European Union buyers to gain citizenship if they invest in the real estate market is also set to encourage more buyers from overseas.

 

 

Source: Property Wire

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Election result hailed as positive for UK commercial property markets.

The UK general election result should be positive for the country’s commercial property markets but the landslide in favour of the SNP in Scotland could result in uncertainty north of the border, according to experts.

If the SNP push for another referendum on independence then uncertainty could creep into the markets north of the border, it is suggested. And a referendum on the UK’s position within the European Union could add to that.

 

Source: Property Wire

 

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6x Two Bedroom Apartments - Willenhall WV13

 
Delivering Property Opportunities
IKOS Investments
Property Opportunity
Six - Two Bedroom Apartments
Willenhall, WV13
 
We have six newly built apartments for sale within this private gated development comprising of seven houses and sixteen apartments

Superbly finished, these properties include fully fitted kitchens with integrated gas cookers, ovens and washing machines, fully fitted bathrooms, gas central heating and UPVC windows throughout.
 
The presents an excellent investment opportunity with ‘Premier Housebuilder Guarantee’.

 
 
 
Investor Price £80,000
 
Market Value £95,000
 
Rental Potential £500pcm Per Apartment.

Sourcing Fee £2k

Please e-mail: John Raiye
for further details and viewing arrangements
 
We can assist in the management of this
investment opportunity.
Ikos Investments, Branston Street, Branston Court, Birmingham, B18 6BA
Tel: 0121 247 6832

Most UK landlords won’t use pension freedoms to invest in property.

The majority of landlords in the UK don’t plan to take advantage of pension freedoms to invest in property, according to new research.

Of those with a pension in place, just 5% are planning on withdrawing a lump sum to invest or expand their portfolio, the research from the National Landlords Association (NLA) shows.

It also found that 14% of landlords would consider using a lump sum to invest in further properties, while 11% said they didn’t have enough of a pension to withdraw a lump sum at all, 7% already had other plans for withdrawing a lump sum and 19% were undecided.

The research from the NLA, which asked landlords about their plans at retirement, also found that 3% plan to sell up completely, 19% have no retirement provisions in place and 25% plan to sell at least some properties.

 

Source: Property Wire

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