Friday News #0132 – Landlord Confidence Rebounds To Five-Year High

  • by Alasdair Walker
  • News
  • 1

As the dynamics of the UK property market shift, it is increasingly important for investors with a growing portfolio to ensure they diversify as they build.

By examining the country for the best opportunities and carefully vetting prospects, we’re able to provide investors with compelling and varied options whether they are just beginning or are adding to an existing portfolio.

To learn about the latest rental investment properties available to investors across the UK get in touch, without obligation, on +44 (0) 2039507939. 

Here’s what we’ve seen in the news this week: 

Landlord confidence rebounds to five-year high: The proportion of landlords feeling optimistic about different aspects of letting is at the highest level for five years, according to new research carried out on behalf of Paragon Bank. Read more.

Average house price now more than £250,000, says Nationwide: A typical UK home costs more than £250,000 for the first time after prices rose by 9.9% in the last year, according to the Nationwide. The building society said the average house price was £250,311 in October, up 0.7% on the previous month. It said this was an increase of £30,728 since the start of the pandemic. Covid has coincided with intense demand from buyers unmatched by supply. Read more from the BBC. 

London rents set for 5.5% increase in 2022: Rental values across the capital have not only bounced back versus the pandemic dip experienced in 2020 but have also breached pre-pandemic levels in all but three areas, according to analysis from lettings and estate agent, Benham and Reeves, who reveal that between 2019 and the initial pandemic year of 2020, the average London rent fell by -3.4%. Read more.

Confidence in property market goes up despite end of Stamp Duty holiday: UK buyers are increasingly becoming more positive when it comes to the property market, despite the Stamp Duty holiday coming to an end at the end of last month. Data from OnTheMarket’s property sentiment index revealed that, within the next three months, 74 per cent of active UK buyers firmly believed they would buy a property while 81 per cent trusted they would manage to sell. Read more.

In case you missed the link last week, we recently shared Stuart’s whiteboard session which provides a financial breakdown of the ROI on one of our latest opportunities at Hull Central Apartments. Watch the video on YouTube.

 

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