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Monthly Archives: October 2016

Rightmove Sees Increase In Buy-To-let Enquiries

If you are a landlord or are considering buying a property to rent out to tenants then you may be interested to read that according to the most recent quarterly Rightmove Rental Price Tracker report covering the third quarter of 2016 there has been a significant increase in the number of enquiries being received from possible landlords/investors about buy-to-let properties. According to the report there has been an increase of 30% in such enquiries being received by Rightmove since May of this year. We are sure that you will agree this is a considerable increase and is a turn around when compared to earlier in the year following the changes in stamp duty. It is interesting to read that there has been an increase of 6% in the number of rental properties being listed by Rightmove in the third quarter of 2016 when compared with last year. This is potentially good news for tenants as there is believed to be a shortage of rental properties. The report also details the average rent being asked nationally but excluding Greater London and also the average rent being asked in Greater London. For instance, with regard to the former, in the 3rd quarter…

More Rental Properties Required

According to the Royal Institution of Chartered Surveyors (RICS), there is a substantial shortage of properties available to rent by private tenants and it is encouraging the government to play their part and do something about it. It is being estimated that by the time 2025 is upon us, there will be an additional 1.8 million households that want to rent a property as opposed to purchasing one. This is due no doubt in part to the fact that house prices have been on the increase with many properties being beyond the price at which some people can afford to buy them at. It is also rather concerning to hear that as many as 86% of landlords are not intending to expand their property investment portfolios during the remainder of 2016. This may be a similar pattern over the next 5 years and that is obviously even more concerning. Another concerning statistic mentioned by RICS is that, since back in May of this year, a fall in the sale of buy to let properties has taken place at 58% of RICS estate agents. It would appear therefore that a lot more houses are needed for rental. No doubt some of…

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