Monday, January 28, 2008
Rental rates continue to go up as predicted at lettingfocus.com last year
28/1/08
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.
If you need more advice on where to buy to let investments ask me. I’m David Lawrenson from property investment experts www.lettingfocus.com
I’m the author of the buy to let book “Successful Property Letting - How to Make Money in Buy to Let” the UK’s top selling property title.
I’m an expert on UK property investment and a well known property freelance writer and I contribute to newspapers and a host of property websites, write a property investment blog and run a property investment advice service - check out my columns for FinancialExpress.net and Archant’s “The Guide” magazine
I also work as a consultant helping banks, building societies, housing associations and web portals with their buy to let and property products and services.
You can read more of my landlord blog and details of my networking, advice, property seminar programme at my website www.lettingfocus.com.
My next London landlords networking meeting is on March 12th. Click here for details: Property Investment Advice
What’s unique about lettingfocus.com is that we offer independent property investment mentoring because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, agent or bridging loan financier and do not receive commissions from any of these sources.
If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
Copyright: David Lawrenson 2008. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.
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.
If you need more advice on where to buy to let investments ask me. I’m David Lawrenson from property investment experts www.lettingfocus.com
I’m the author of the buy to let book “Successful Property Letting - How to Make Money in Buy to Let” the UK’s top selling property title.
I’m an expert on UK property investment and a well known property freelance writer and I contribute to newspapers and a host of property websites, write a property investment blog and run a property investment advice service - check out my columns for FinancialExpress.net and Archant’s “The Guide” magazine
I also work as a consultant helping banks, building societies, housing associations and web portals with their buy to let and property products and services.
You can read more of my landlord blog and details of my networking, advice, property seminar programme at my website www.lettingfocus.com.
My next London landlords networking meeting is on March 12th. Click here for details: Property Investment Advice
What’s unique about lettingfocus.com is that we offer independent property investment mentoring because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, agent or bridging loan financier and do not receive commissions from any of these sources.
If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
Copyright: David Lawrenson 2008. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.
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