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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From smithjohnson34
Microsoft Word
Pub. on May 16th 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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From smithjohnson34
Microsoft Word
Pub. on May 16th 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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From smithjohnson34
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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From smithjohnson34
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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From smithjohnson34
Microsoft Word
Pub. on Apr. 5th 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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From smithjohnson34
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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From smithjohnson34
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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From smithjohnson34
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.
From smithjohnson34
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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From smithjohnson34
Microsoft Word
Pub. on Jan. 2nd 2013
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