Friday News #046 – The gap between property supply and demand widens
Friday 28th February 2020
As reports continue to roll in about the increased activity being seen in the UK property market, the gap between supply and demand of property for sale and property for rent are becoming increasingly evident.
For investors, the increasing demand for rental property is an encouraging indication for future tenant demand for a rental investment. The gap between supply and demand for properties for sale will inevitably push prices upwards from where they are currently.
Here’s what we’ve seen in the news this week:
More tenants seeking housing but rental stock falls: More tenants are seeking housing but supply fell to its lowest level in seven months in January, ARLA Propertymark’s January PRS report has found. Demand for rental accommodation reached a record high – read the full article.
Gap between property supply and demand widens: The number of house hunters registered per estate agent branch increased by 22% from December to January, NAEA Propertymark’s January Housing Report has found. However, the number of properties available per member branch fell meaning the gap between supply and demand has increased. Read more.
A sure sign of confidence in the UK property market; Blackstone buys student flats for £4.7bn in UK’s biggest private property deal: Investors are flooding into private student housing as supply fails to keep up with demand. Read more from The Guardian.
Landlord confidence in BTL market improves after the election: Boris Johnson’s emphatic December general election victory has triggered fresh optimism among buy-to-let landlords. Read the full results of the survey.
Is property investing right for you? Creating financial success via property investment isn’t for everyone and it’s important to establish if property investing is right for you. Thereafter you need to determine if it is the right time to invest. Read our latest article to learn more.