Rental rates continue to go up as predicted at Letting Focus.com last year
Rental rates continue to go up as predicted at lettingfocus.com last year
As we predicted last year we are now seeing a strong rise in the number of people looking to rent property after they have been priced out of the property market or because they are running scared of all the talk of a big fall in house values.
High mortgage costs have forced more people to turn to the rental market, according to the annual UK housing review by the Chartered Institute of Housing (CIH) and the Building Societies Association (BSA).
In fact, renters now pay about a third less than the mortgage repayments on the same property – making renting very attractive.
At the same time, the lender Paragon Mortgages latest monthly study shows that rents in the buy-to-let sector are rising at their fastest rate on record owing to strong demand.
In fact rents increased 19 per cent in 2007, and 8 per cent in the last quarter of 2007 alone according to Paragon.
I predict this very fast rental growth for properties that are not oversupplied to continue this year.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the property experts.
I’m, David Lawrenson, the author of “Successful Property Letting” which for the last 3 years has been the UK’s top selling property book.
What’s unique about LettingFocus is that I offer independent unbiased
property seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at a low price, how to make sure you get tenants who are going to pay the rent and how to manage a rental property to make £s at my one to one consulting service.
I can also comment on “No Money Down” Schemes and “Buying Below Market Value” methods too.
LINKS
Find out about GREAT DEALS we have arranged for landlords by clicking here: Property Investors’ Affiliate and seeing our Affiliates page.
More products will be added over the coming months. If you are a merchant with national coverage, get in touch!
For SEMINARS, click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS ON Products for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will see a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
We suggest you search Google to tell you more about what a “News Aggregator” or “News Reader” is. It’s dead easy, honestly. Even a non techie like me managed to do this in a few minutes.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics click on Categories.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment.
To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)
As we predicted last year we are now seeing a strong rise in the number of people looking to rent property after they have been priced out of the property market or because they are running scared of all the talk of a big fall in house values.
High mortgage costs have forced more people to turn to the rental market, according to the annual UK housing review by the Chartered Institute of Housing (CIH) and the Building Societies Association (BSA).
In fact, renters now pay about a third less than the mortgage repayments on the same property – making renting very attractive.
At the same time, the lender Paragon Mortgages latest monthly study shows that rents in the buy-to-let sector are rising at their fastest rate on record owing to strong demand.
In fact rents increased 19 per cent in 2007, and 8 per cent in the last quarter of 2007 alone according to Paragon.
I predict this very fast rental growth for properties that are not oversupplied to continue this year.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the property experts.
I’m, David Lawrenson, the author of “Successful Property Letting” which for the last 3 years has been the UK’s top selling property book.
What’s unique about LettingFocus is that I offer independent unbiased
property seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at a low price, how to make sure you get tenants who are going to pay the rent and how to manage a rental property to make £s at my one to one consulting service.
I can also comment on “No Money Down” Schemes and “Buying Below Market Value” methods too.
LINKS
Find out about GREAT DEALS we have arranged for landlords by clicking here: Property Investors’ Affiliate and seeing our Affiliates page.
More products will be added over the coming months. If you are a merchant with national coverage, get in touch!
For SEMINARS, click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS ON Products for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will see a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
We suggest you search Google to tell you more about what a “News Aggregator” or “News Reader” is. It’s dead easy, honestly. Even a non techie like me managed to do this in a few minutes.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics click on Categories.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment.
To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)
Labels: landlord information, rental yields, Rents are increasing
This entry was posted by lettingfocus, on
Monday, January 28, 2008.
