Investors Target Properties in Central London
The hike in demand for houses and apartments to rent in central London has sparked a flurry of
activity among investors looking to capitalise on the booming rental market by purchasing
residential properties in the capital with a view to letting them out.
Fresh figures from the Council of...
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Investors Target Properties in Central London The hike in demand for houses and apartments to rent in central London has sparked a flurry of activity among investors looking to capitalise on the booming rental market by purchasing residential properties in the capital with a view to letting them out. Fresh figures from the Council of Mortgage Lenders (CML) reveal that gross mortgage lending of £4. 2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, up from £3. 7 billion in the same quarter of last year. Nearly half of this lending was for remortgage, rather than house purchase, which suggests that many existing landlords are seeking to add to their buy-to-let portfolios. Paul Smee, Director General of the CML, commented: “The buy-to-let mortgage market is performing well, against a backdrop of robust landlord - and tenant - demand for good quality rental property. Loan performance compares favourably with the owner-occupier sector, a
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Par smithjohnson34
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Publiée le 16 Mai 2013
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Central London PropertyBoom Continues
Anyone searching for properties for sale in Central London will find thatthe list of homes available is
falling, as a growing number of investors snap up rental investments in the capital.
What’s more, the
number of homes on the market thathave had their asking price reduced at least once has...
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Central London PropertyBoom Continues Anyone searching for properties for sale in Central London will find thatthe list of homes available is falling, as a growing number of investors snap up rental investments in the capital. What’s more, the number of homes on the market thathave had their asking price reduced at least once has fallen to its lowestlevel since late2010 as confidencereturns to thehousing market,according to thelatestresearch from propertywebsiteZoopla. co. uk. The proportion of propertiescurrently on themarketwith a reducedasking price now stands at 31. 5 per cent,comparedto 36. 7 per centa year ago. This suggests thatfewer sellers are feeling pressured to cut theirasking pricein ordertoachievea sale. This is particularly thecaseas far as houses and flatsfor sale in centralLondon areconcerned,withdemandfrom investorssoaring. Lawrence Hall of Zoopla. co. uk comments: “The number of price-reduced properties has fallen to its lowestsinceearly 2010 indicatinggrowing co
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Par smithjohnson34
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Publiée le 16 Mai 2013
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Fierce Competition Sees Rents Soar In Central London
Rents have continued to soar in the capital’s most desirable areas, fuelled by growing demand for
properties to rent in central London, owed in part to a high level of fierce competition from frustrated
would-be home buyers struggling to gain a foot on the housing ladder.
The...
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Fierce Competition Sees Rents Soar In Central London Rents have continued to soar in the capital’s most desirable areas, fuelled by growing demand for properties to rent in central London, owed in part to a high level of fierce competition from frustrated would-be home buyers struggling to gain a foot on the housing ladder. The typical rent in London rose by 6. 2 per cent in February compared with a year earlier, according to the data from lettings network LSL Property Services - which owns chains such as Your Move and Reeds Rains. The hike in rental values is largely due to the lack of homes on the market in relation to demand. LSLdirector David Newnes said: “In the longer-term, the supply of rental homes will have to increase considerably to prevent monthly rent rises when the rental market re-enters its traditional peak season. ” The property shortage in the rental market is owed mainly to a lack of house building, while many foreigners, who make up a significant share of those b
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Publiée le 29 Avr. 2013
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With more people now disillusioned with pensions, stocks and shares often fluctuating like a very big rollercoaster, with more downs than ups in recent years, and savers receiving dismally low returns from banks and building societies, more people have opted to invest in gold in recent years, which has been regarded as a safe place to...
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With more people now disillusioned with pensions, stocks and shares often fluctuating like a very big rollercoaster, with more downs than ups in recent years, and savers receiving dismally low returns from banks and building societies, more people have opted to invest in gold in recent years, which has been regarded as a safe place to preserve wealth. But this could be changing, according to leading Maida Vale estate agentsSandfords.
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Publiée le 12 Avr. 2013
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More Properties for Sale in North West London Needed
Theon-going shortage of residential properties in prime central London in relation to record high demand,
fuelled by a flurry of international buyers, is continuing to push property prices higher.
The latest Knight
Frank Market Update shows that the average price of a home in the...
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More Properties for Sale in North West London Needed Theon-going shortage of residential properties in prime central London in relation to record high demand, fuelled by a flurry of international buyers, is continuing to push property prices higher. The latest Knight Frank Market Update shows that the average price of a home in the heart of the capital increased by 0. 9 per cent in January, compared to just 0. 2 per cent across the UK as a whole, taking the annual rise in prime central London to 8. 4 per cent. Demand for residential properties in central London has been boosted in recent months by the draft Finance Bill which gave some clarification on the ARPT, which helped offset the downturn in sales witnessed for much of last year. The weak pound, solid rental returns and good prospect for capital growth have also helped to boost demand, particularly among foreign buyers. Peter Rollings, CEOMarsh & Parsons, commented: “The relative shortage of stock sees house prices in the cap
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Publiée le 5 Avr. 2013
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Investors Taking Advantage Of Greater Demand For Rental Properties
In Central London
With tenants paying an average of £64 a month more than they were last year to rent property in the
capital, investors have moved swiftly to cater for growing rental demand, particularly in central London.
With more tenants competing for properties...
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Investors Taking Advantage Of Greater Demand For Rental Properties In Central London With tenants paying an average of £64 a month more than they were last year to rent property in the capital, investors have moved swiftly to cater for growing rental demand, particularly in central London. With more tenants competing for properties to rent in Fitzrovia, Mayfair, Marylebone, St John’s Wood, among other highly desirable areas, rents in London have increased significantly over the past year. The LSL Property Services’ monthly Buy-to-let index found that while average rents across England and Wales dipped by 0. 1 per cent in February, reaching £731 a month, rates in the capital rose by 0. 5 per cent to£1,092, from £1,086 in January. The increase contrasts with a 0. 2 per cent fall in rents last month and means rents in the capital have risen by an impressive 6. 2 per cent annually, equivalent to £64 and well above the national average of 3. 3 per cent. David Newnes, Director of LSL Pro
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Publiée le 21 Mars 2013
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Little Venice Continues To Attract Thousands Of Tenants
Mortgage borrowing rates have declined substantially in the past few weeks, with some two-year fixed
rate deals available at just 1.
99%, on the back of the Bank of England’s Funding for Lending Scheme,
which allows finance giants to borrow up to £60 billion at a low interest...
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Little Venice Continues To Attract Thousands Of Tenants Mortgage borrowing rates have declined substantially in the past few weeks, with some two-year fixed rate deals available at just 1. 99%, on the back of the Bank of England’s Funding for Lending Scheme, which allows finance giants to borrow up to £60 billion at a low interest rate on the condition that it is loaned to homebuyers and businesses. But despite cheaper mortgage borrowing rates, many first time buyers are still unable to raise the large deposits required to buy property, particularly in London, where property prices are the most expensive in the UK. Many would-be homebuyers have therefore been forced to focus on renting property in the capital, with highly desirable areas naturally attracting the most interest. Little Venice in Maida Vale, west London, very much falls into this category. Little Venice, located in south Maida Vale, is one of London s prime residential areas and offers residents and visitors plenty to
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Par smithjohnson34
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Publiée le 21 Fév. 2013
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Greater Rental Demand For Properties In Fitzrovia
With demand for rental properties in central London continuing to rise, the cost of property to rent in
Fitzrovia has increased to an all-time high.
Soaring demand and increasing rental values has alerted a number of astute property investors, with
many actively looking to add to their...
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Greater Rental Demand For Properties In Fitzrovia With demand for rental properties in central London continuing to rise, the cost of property to rent in Fitzrovia has increased to an all-time high. Soaring demand and increasing rental values has alerted a number of astute property investors, with many actively looking to add to their buy-to-let portfolios. The latest market data from the Association of Residential Lettings Agents (ARLA) has revealed an upward trend in landlord investment over the past 12 months. The average number of buy-to-let properties owned by landlords peaked at eight in the final quarter of 2012, up from seven at the beginning of the year. The apparent rise in confidence in the market also prompted increased landlord activity, with 29 per cent stating they have bought a property in the past year compared to 25 per cent at the start of 2012. The increase in landlord confidence is also reflected in the rise in the value of buy-to-let mortgages, with an eight
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Publiée le 21 Fév. 2013
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Attractively low mortgage borrowing rates has led to a rise in the number of home buyers searching for a house or apartment for sale in Little Venice, St John’s Wood, Primrose Hill, Marylebone, among a host of other desirable locations in the English capital.
Par smithjohnson34
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Publiée le 20 Fév. 2013
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Rents In London Expected To Continue Rising
It is that time of year again when estate agents, and other property professionals, predict
what the property market in London will look like in 2013, and most experts, whether
Mayfair estate agents or Primrose Hill estate agents, agree that property values and rents
are likely to rise...
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Rents In London Expected To Continue Rising It is that time of year again when estate agents, and other property professionals, predict what the property market in London will look like in 2013, and most experts, whether Mayfair estate agents or Primrose Hill estate agents, agree that property values and rents are likely to rise further next year. With the UK economy now technically out of recession and growing signs that mortgage lending conditions are improving, confidence in London’s property market is strengthening, with prices generally expected to increase in 2013. This follows on from a rather successful 2012, in which values rose by an average of 5. 2% in the year to September, according to the latest data from the Office for National Statistics. Just over a third of people surveyed by the Halifax recently predicted that the average UK home price will rise over the next year, led by capital gains in central London. Trevor Abrahamson, head of Glentree Estates, said: “We are
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Par smithjohnson34
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Publiée le 2 Jan. 2013
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More Investors See Property As A Pension
With a growing number of people becoming disillusioned with pensions and bank saving
rates at an all-time low, more investors understandably now see their properties as a
means of funding future retirement, research shows.
According to a survey conducted by BDRC Continental, 61 per cent of...
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More Investors See Property As A Pension With a growing number of people becoming disillusioned with pensions and bank saving rates at an all-time low, more investors understandably now see their properties as a means of funding future retirement, research shows. According to a survey conducted by BDRC Continental, 61 per cent of landlords plan to live off the rental income from their investment properties, 20 per cent will sell some of the properties in their portfolio, whilst five per cent intend to dispose of all of the properties in their portfolio to fund retirement. Mark Long, director at BDRC Continental, said: “Landlords consistently tell us that they see their property portfolio as forming a critical part of their pension provision for the future. On average, landlords intend to remain active in the rental sector for another 15 years or so, and see a combination of capital gains and rental income as underpinning their pension strategy. ” With research showing tenant demand
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Publiée le 2 Jan. 2013
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Rents Could Soar On The Back Of London Housing Shortage
Anyone searching for a flat to rent in St Johns Wood will find that there are not that
many homes to choose from.
In fact, anyone looking for a home to rent anywhere in and
around prime central London will almost certainly discover a dearth of properties to let due
to the growing...
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Rents Could Soar On The Back Of London Housing Shortage Anyone searching for a flat to rent in St Johns Wood will find that there are not that many homes to choose from. In fact, anyone looking for a home to rent anywhere in and around prime central London will almost certainly discover a dearth of properties to let due to the growing housing shortage in the capital. Log-on to any major property portal and search for ‘houses to rent in Fitzrovia’ or ‘apartments to rent in Mayfair’ and you will see that there is a restricted selection of properties to choose from. The growing demand-supply demand imbalance in prime central London may be welcome news for landlords, but it is creating problems for some tenants as rents continue to soar. The cost of renting a home in England and Wales increased by 1. 1 per cent in September to reach a new record high of £741, on average, per month, according to LSL Property
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Par smithjohnson34
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Publiée le 19 Nov. 2012
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International Demand For Homes In Prime Central London
Continue To Rise
The Eurozone crisis has continued to boost international demand for houses and flats to
rent in Fitzrovia, Mayfair, Hyde Park, among a host of other prime central London
locations.
The fact that London is generally viewed as a ‘safe haven’ amid the economic...
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International Demand For Homes In Prime Central London Continue To Rise The Eurozone crisis has continued to boost international demand for houses and flats to rent in Fitzrovia, Mayfair, Hyde Park, among a host of other prime central London locations. The fact that London is generally viewed as a ‘safe haven’ amid the economic turmoil in the Eurozone means that more people are moving to the capital in order to escape the calamity and preserve their wealth. But while many foreigners may prefer to buy property in London, the general shortage of homes on the sales market is forcing them to rent property instead. "We have reached the point of no return for the housing market,” said Gemma Duggan of the National Housing Federation. “Successive governments have failed to tackle the undersupply of housing and time is now running out. ”
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Par smithjohnson34
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Publiée le 19 Nov. 2012
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Prime Central London Property Market Activity Picks-Up
During almost six weeks of the Olympic and Paralympic Games in London, the amount of
people out looking at property fell as many Britons spent time watching sporting events
instead.
Research conducted by the Royal Institute of Chartered Surveyors reveals that during the
Olympic...
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Prime Central London Property Market Activity Picks-Up During almost six weeks of the Olympic and Paralympic Games in London, the amount of people out looking at property fell as many Britons spent time watching sporting events instead. Research conducted by the Royal Institute of Chartered Surveyors reveals that during the Olympic Games nine per cent more surveyors reported falls in demand, in comparison to four per cent in July, illustrating the fact that Olympics was a genuine distraction for potential buyers. “Understandably, the amount of people out looking at property fell away slightly,” said Ian Perry of the Royal Institute of Chartered Surveyors. However, with London’s golden summer now a fading memory, more people have turned their attentions back to property resulting in greater activity, particularly in the prime Central London property market. The latest Cluttons Residential Investment Monitor report reveals that activity in the prime Central London property market has
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Par smithjohnson34
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Publiée le 19 Nov. 2012
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Property Sales Expected To Rise In Prime Central London
Many experts estimate that property sales could rise on the back of government efforts to
help make mortgages more readily available following a rise in the number of mortgage
approvals issued.
The Bank of England has announced that mortgage approvals increased following the...
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Property Sales Expected To Rise In Prime Central London Many experts estimate that property sales could rise on the back of government efforts to help make mortgages more readily available following a rise in the number of mortgage approvals issued. The Bank of England has announced that mortgage approvals increased following the launch of the £80 billion Funding for Lending Scheme (FLS) by the BoE and the Treasury in August designed to increase the availability of cheaper loans and mortgages for businesses and households. So far over 20 banking groups, including the five largest lenders in the UK, have signed up to the Funding for Lending Scheme, while funding costs have fallen by around one percentage point. Fresh data from the Bank of England shows that the volume of loans approved for property purchases increased by 2,103 to 50,024 in September, while the number of loans approved for remortgaging rose by 1,860 to 28,343. “Market conditions are definitely improving at present,”
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Par smithjohnson34
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Publiée le 19 Nov. 2012
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Prime Central London Property Price Growth Continues
Prices for the best residential properties in central London increased further in August
2012 on the back of consistently high demand from national and international
homebuyers, according to the latest Knight Frank report.
Knight Frank s Prime Central London Sales Index for August...
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Prime Central London Property Price Growth Continues Prices for the best residential properties in central London increased further in August 2012 on the back of consistently high demand from national and international homebuyers, according to the latest Knight Frank report. Knight Frank s Prime Central London Sales Index for August 2012 reveals that the average price of a home in prime central London appreciated by 0. 5 per cent in August compared to the previous month, taking annual growth to 9. 9 per cent. Prices have now increased by a staggering 49. 9 per cent since the post credit-crunch low in March 2009, and are now at an all-time high - 14% above their previous peak in March 2008. Liam Bailey, Knight Frank s head of residential research, said: “The strongest price growth over the past three months was seen in the £10m+ price bracket with an increase of 2. 9%. The slowest growth, 1. 4%, was seen in the £1m to £2. 5m bracket, which could be explained by uncertainty surroundi
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Par smithjohnson34
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Publiée le 12 Sept. 2012
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London Property Market Strengthens Further
The average price of a UK home increased by around 1.
3 per cent in August, the biggest monthly
rise in two and a half years, led by gains in London, according to the latest figures released by
Nationwide.
Property prices are being driven upwards by a high level of property investment...
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London Property Market Strengthens Further The average price of a UK home increased by around 1. 3 per cent in August, the biggest monthly rise in two and a half years, led by gains in London, according to the latest figures released by Nationwide. Property prices are being driven upwards by a high level of property investment activity as investors seek to take advantage of high rental demand, particularly in the capital. With many would-be first time buyers struggling to raise the necessary finance required to buy a property, a high number of people are being forced to rent property instead, pushing rental values higher in the process; an attractive proposition for shrewd investors looking to cash-in. Steve Hicks, managing director of Genie, says that the biggest problem for first-time buyers is the need to save for a deposit on a mortgage, which is currently almost unachievable for many who are struggling with their day-to-day needs. Yet, the increase in average house prices will
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Par smithjohnson34
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Publiée le 12 Sept. 2012
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London's 'safe haven' status is continuing to attract a higher number of homebuyers from across the world, which is placing greater pressure on the city's acute housing supply crisis, pushing property prices higher in the process.
Par smithjohnson34
Microsoft Word
Publiée le 14 Août 2012
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