Please see below for a market overview.
The Housing Market
Break down of
Buying a house is the largest investment many people will make in their lifetime, and this is reflected by the fact that in 2012 the average mortgage was over 3 times the size of buyers' income. As the housing market is linked to income, wealth and availability of lending, it is very sensitive to the overall economic climate. The financial crisis in 2008 had a significant effect on the housing market, with house prices falling in the
The British housing market has seen a massive shift in home ownership since 2000.
A study from the Office of National Statistics (ONS) shows the number of homes has increased by 8% since 2000, but the distribution of those homes among private landlords has changed significantly.
In 2001, the
In 2011-12, which is the last year for which figures are available, the balance had changed to 4.96 million private rented buy to let homes in the UK – with 4.28 million in England, 366,00 in Scotland, 190,534 in Wales and 121,000 in Northern Ireland.
The number of local authority homes declined sharply, due to right to buy and switching ownership to housing associations.
The proportion of private rented buy to let homes climbed from 9.79% in 2001 to 17.87% in 2012.
Overall, according to the ONS, rents in
However, these are average figures – in the same period
Source – Office for national statistics (ONS) www.ons.gov.uk
Landlord to landlord estate agency
Finding the best buy-to-let investment property can take time, effort and market knowledge. Whether you’re looking for your first time investment purchase or you’re an experienced landlord looking to expand your portfolio, please let us help!
With our landlord to landlord estate agency service, you can use our 20 years of lettings experience to find you the ideal investment property that will suit your budget. We'll do all the hard work for you!
Profit from our expertise and contact our landlord to landlord estate agency department to receive regular updates on the best investment opportunities from our register and what’s more, as part of this service you will be able to see newly available investment buys in the majority of cases before they are marketed on Rightmove.
Most properties have the added benefit of having ongoing tenancies in place so you will receive rent upon completion with no void period at all. We will of course handle the change of ownership, deposit transfer, rent allocation and issue of section 3 notice when we resume property management upon completion. Please see properties for sale for all available properties.
We look forward to hearing from you; please contact us on 01279 635685, or use the contact form on this site. Please also take the time to view our landlords section, which may be of some assistance with any further queries.