Investing in properties can offer great opportunities, especially when the interest rate is low and you are looking for a way to gain optimum return on your initial investment. If you invest in a property in the right area, you could earn a stable rental income and then sell the property when you want to liquefy your money. Buy to rent is a realistic option for investors. The following tips will help you if you decide the option is the right one for you.
Securing an investment before 2015
With the end of 2014 just a few weeks away, it is natural to assume that any opportunity of securing a great deal in the property market this year is pretty much done and dusted. This could not be further from the truth. Recent figures show most properties that were still on sale in November had been awaiting a buyer for many months, and had seen several slashes to their price tag. The unsold properties in London represent a great opportunity for buyers and offer a huge incentive to secure their purchases before the end of the year.
Providing HMO and hostel management
A HMO is a building or part of a building in which more than one household shares an amenity, such as cooking and bathroom facilities. It could also represent a converted building that does not entirely comprise self contained flats. To be classified as a HMO, it must be occupied by more than one household as their only or main residence.
London and Monaco have plenty of opportunity for luxury investments
London and Monaco are regarded as the two most attractive markets in terms of luxury or “ultra prime” property investment. Both locations are home to countless rich and famous people, alongside wealthy individuals from the corporate world.
Investing in a buy to let London property
Next to bonds and shares, one of the most common forms of investment is property. More and more people are entering the rental market and purchasing buy to let properties as the potential for remuneration is so great. Despite the recent troubled economic times the rental market continues to thrive.
London is experiencing an increase in rent prices
Official figures show that London has experienced the highest increase in rental amounts paid by tenants in the last year. Edinburgh is the only other UK city to experience such a substantial surge. Rents increased by 1% across the country during 2014, but the capital city saw a rise of 1.5%. Continue reading
Investing in Kensington and Chelsea properties
For those seeking investment properties, Kensington and Chelsea has become the most desirable area of London to seek out premises for purchase. It has recently been reported that there has been a year-on-year real term fall in prices in the area. Whilst at face value some could understandably believe that a drop in average prices means it is a bad time to purchase here, we know that this is precisely the right time for investors to take advantage and get the best deal possible.
Turning your property into a HMO
A HMO can be a great asset for a landlord, but if you are looking into turning your property into a HMO, then you need to be aware of several criteria that you need to fulfil. In order for an existing property to become a HMO, it needs to go through a series of licensing and modification arrangements. Before a property can be considered as housing for multiple occupants, it needs to be fit for purpose and meet the required living standards. Planning permission will also be required. Often, a HMO licence is only needed for those properties classified as a large HMO, though some councils do require other HMOs to be licensed as well.
Property prices traditionally drop over the Christmas period
Winter is naturally a slower time for property sales, as people tend to focus on the traditional holiday and festive period rather than on property matters. The close proximity to the New Year means buyers are more likely to wait and see how the market stands after the holidays.
Greenwich is undergoing exciting developments
London has a unique property market because of the sustained high demand for business and living space. The spatial limitations in popular areas also mean investors are continually looking for properties which will yield higher profits in the future.
