Just three years ago it was predicted by many experts in the property market that the majority of young professionals and families would eventually resign themselves to the idea of being lifelong renters. With the demand for rental accommodation in the capital so high and the number of happy tenants rising, it would seem that the predictions were accurate. As an increasing number of tenants commit to long-term tenancies, it creates the need for landlords that are equally dedicated to providing suitable housing and professionally managed tenancies. Continue reading
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Getting ahead of the competition
The demand for residential properties is so high in London that there is a huge amount of competition between investors, so it is important that investors have a suitable strategy to help them secure the homes that meet their criteria. Continue reading
Make sure your youthful tenants are protected
Research shows that more and more young people are renting for longer rather than buying their first home. Recent data from the Office of National Statistics shows that the percentage of 24 to 29 year olds in a position to purchase their own property has fallen from 55% in 1996 to 30% in 2015. The percentage of 30 to 34 year olds that own their own place has decreased from 68% to 46%. Continue reading
Addressing London’s long-term vacant properties
It is widely known that London is experiencing a shortage of housing, with insufficient homes to accommodate the ever increasing demand for living space in the city. There are presently just under three and a half million homes in Greater London, but the number of people seeking to live and work in the capital exceeds the number of homes available to rent or buy. As a result of this situation, greater focus is being placed on the number of London homes regarded as ‘long-term vacant’ properties. Continue reading
University students seek high quality HMOs
Student accommodation is one of the most successful areas of the rental sector today. Research shows that billions have been invested in the area in the last two years, and as increasing numbers of students achieve high GCSE and A level results, the numbers attending university and requiring suitable rental accommodation will continue to rise. Continue reading
Upwards extension proposals may give property owners new opportunities
In July 2015 the Treasury released its Productivity Plan to help boost housing supply in the UK. The document contained a number of proposed planning reforms, including giving the Government the power to draft local plans, looking at planning for brownfield sites and creating high density developments around key transport hubs. A lot of discussion has gone into these ideas and the benefits they could offer. Continue reading
The rise in million pound property owners
New research from the London School of Economics and Santander predicts that house prices will continue to rise between now and 2030. Currently the average price for a home in the UK is £283,565. According to the data this will rise in the next 15 years, ultimately reaching £557,444. Continue reading
Areas to watch between now and 2018
In London, close proximity to transport links is an important consideration for property hunters. As a result areas around Underground stations tend to attract a huge amount of interest. This can drive prices up and provide excellent returns for the current owners if they decide to sell. Continue reading
The surge of private rentals in London
Domestic property ownership in London has changed dramatically since the turn of the Millennium. The extent of this is revealed in new data released in the recent English housing survey, commissioned by the Department for Communities and Local Government (DCLG). The headline-grabbing report reveals that last year was the first time people living in private rented accommodation outnumbered homeowners in over a decade. Continue reading
Are buyers concerned about their neighbours?
There are a huge number of different factors that can influence buyers when they are deciding where they want to live, such as accessibility, security, and the reputation of the area. One potentially surprising influencing factor is the quality of the neighbours. The other people living in the area could attract buyers, especially those that share similar interests, or deter them. Continue reading
