Towards the end of 2014, many property experts predicted a decline in the London market during the year ahead. However, as we reach the end of 2015, it seems that the outcome has been a lot more positive. Continue reading
Monthly Archives: December 2015
Predicted rent rises could mean a prosperous 2016
In recent years, the rental sector has seen a significant improvement in tenant finances. The measure of arrears has almost halved since its peak at almost 15% at the beginning of 2010. Due to the combined strength of the labour market and earnings on the rise, there is greater affordability in the rental market, and investors are taking the opportunity to purchase additional properties to meet consumer demand. Continue reading
London Bridge is definitely on the rise
London Bridge enjoyed a property boom in the 1980s when people started looking for homes within commutable distance to the City. This caused property prices in the area to rise and made it a popular destination for development. Naturally the focus shifted to other parts of London as consumer demands changed but the attention returned in the 00s, particularly when the Shard was announced. Continue reading
The appeal of the rental sector continues to rise
A recent study of the private rental sector by BDRC Continental for Paragon Mortgages has revealed 80% of tenants to be more than happy with the service they receive from their landlords. The study also showed that there are more people renting than ever before. The sector has undoubtedly seen many shifting demographics, and as we approach the end of 2015 it seems that overall satisfaction levels remain high. Continue reading
Landlords are benefitting from record low void periods
Every landlord knows that there is an element of risk involved when letting a property to people that are effectively strangers. No matter how long you have been a landlord or how many properties you own, this factor never changes. The obvious concerns are the upkeep of the property, accidental or deliberate damage, and failure to pay rent on time. Continue reading
The housing market has seen a rise in borrowing
The latest data released by the Council of Mortgage Lenders shows that lending for property purchasing has increased substantially. A detailed breakdown of the figures shows that a total of £4.6 billion was allocated to first time buyers this year. This reflects an increase of 10% on September and October last year and a total of 29,000 loans. Continue reading
Buy to let market continues to give a great performance
November saw first time buyer activity in the UK increase to a rate 31% higher than the same month last year. Connels Survey & Valuation has released data that shows first time buyer valuations to be 2% above the annual increase for the overall housing market as well as 26% greater than the year on year increase for home mover activity. Continue reading
Bright predictions for Ilford mean great opportunities for landlords
Recent research has revealed Ilford to be one of the most appealing places for landlords and developers to be directing their next investment. One of the areas included in Boris Johnson’s “City in the East” masterplan, Ilford is soon predicted to experience an intense period of change with many investors keen to play a part in the story. Continue reading
Meeting the required Decent Homes Standard
Landlords who are leasing properties through the council are legally obligated to ensure that they meet the Decent Homes Standard. This policy was introduced by the government as part of their Decent Homes Programme, and is designed to ensure that people have access to safe, comfortable, quality accommodation. Continue reading
The property market is balanced for continued success
Recently released figures show that London property prices rose by 11% over the course of 2015. If this wasn’t enough to confirm the current strong state of the property market, it was also confirmed that property prices across the capital have risen on average by an incredible 83% over the last six years. While some experts take the view that this rate of growth is unsustainable and are warning that the market bubble will burst, the seemingly ever increasing levels of demand for property in London would suggest that this is not the case. Continue reading
