Investors who have been monitoring the market will have noticed the shifts in tenant demand over the past 12 months and particularly the move away from London where inner-city rents have been falling considerably.
Shrewd investors will make decisive purchases upon recognising changes in demand – they’ll currently be focusing attention on commuter locations and alternative city locations that are seeing popularity increase.
Here’s what we’ve seen in the news this week:
Booming demand for suburbs according to buy to let specialists: Booming demand for homes in commuter zones and well-connected towns is causing a mini-boom in the lettings market. Rents outside London are up eight per cent in the past year; but the capital itself has swung into reverse with average rents in inner London falling 17 per cent annually. Read more.
House sales and prices see early spring surge: House sales and property prices recorded an early spring surge amid government moves to stimulate the housing market. Data from HM Revenue and Customs (HMRC) shows that UK property transactions in March hit the highest monthly level since modern records began in 2005. Read more from the BBC.
How much hidden equity is in your home? Almost half of UK homeowners are undervaluing their home, with their properties worth nearly £50,000 more than they realised. Read more.
Everything first time landlords need to know – new guide: ARLA Propertymark, the letting agents’ main trade body, has prepared a ‘top tips’ guide for first time landlords. Read more.
Top 5 London Commuter Towns for Investment: Read our latest blog to learn about the top places to invest that offer fast transport connections, strong yields and strong prospects for capital growth. Read more here.