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Are you looking to invest in property?

Please see below for a market overview.

 

The Housing Market

In the UK, the housing market is a large part of the economy, comprising of 27.8 million residential properties. Demand for mortgages has built up a large market of lenders and as of the first quarter of 2014, the total value of outstanding mortgages is estimated at £1,281 billion by the ONS.

 Break down of UK housing stock by tenure 2001 to 2012

 



Financial Year

Local Authority

Housing Association

Owner Occupied

Privately Rented

Other Public Sector

Total

2001-02

3,539,957

1,711,687

17,760,974

2,511,539

112,000

25,636,157

2002-03

3,161,626

1,967,165

17,713,964

2,888,356

104,000

25,835,111

2003-04

2,983,740

2,039,498

17,980,226

2,954,746

83,000

26,041,210

2004-05

2,797,955

2,140,091

18,130,626

3,121,406

82,000

26,272,078

2005-06

2,702,280

2,204,665

18,116,964

3,409,655

82,000

26,515,564

2006-07

2,582,815

2,302,632

18,179,796

3,632,029

75,000

26,772,272

2007-08

2,426,945

2,440,397

18,183,902

3,920,037

74,000

27,045,281

2008-09

2,354,997

2,530,930

18,063,563

4,244,320

74,000

27,267,810

2009-10

2,315,575

2,591,452

17,982,974

4,492,184

66,000

27,448,185

2010-11

2,229,723

2,693,594

17,899,245

4,727,252

63,000

27,612,814

2011-12

2,189,392

2,746,688

17,791,504

4,963,534

75,000

27,766,118

 

 

 



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
UK as a whole around 15% from January 2008 to March 2009. In addition to this, the number of property sales in the UK almost halved from a peak of 1.67 million in 2006 to 0.86 million in 2009. Since then, the number of sales has recovered somewhat and has reached 1.07 million in 2013.

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 UK had 2.51 million private rented buy to let homes – with 2.13 million in England, 181,000 in Scotland, 90,445 in Wales and 47,000 in Northern Ireland.

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 England rose 4% between January 2011 and January 2014.

However, these are average figures – in the same period London rents were up 7%. The next highest were in the East (4%), while rents in the North East stagnated at 0.5% and every other region was less than 3%.

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 landlord pack, which may be of some assistance with any further queries.

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