Friday News #0108- Double Digit Rent Rises Across Many Parts Of Britain In Past Year

Timing plays an important role in investment, those investors who see the greatest success will have secured a property at an optimum time. Sometimes as little as six months can make tens of thousands of pounds difference to overall profit. 

Often those investors who see the most impressive capital growth from a property will have committed to the purchase during its earliest stages before it has been built – off plan. To learn more about the opportunities currently available to investors please do get in touch.

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

Third of landlords either bought or buying new buy-to-let properties: More than a third (34%) of landlords have recently purchased another buy-to-let property (BTL) or intend to buy one within the next nine months. Read more.

Double Digit rent rises across many parts of Britain in past year: Lettings agency Hamptons says that across Great Britain rents rose 5.9 per cent annually in April, the fastest rate since January 2015. Growth remains driven by regions beyond London, with rents outside the capital up a huge 10.4 per cent on this time in 2020. This is the first time since Hamptons’ index began in 2012 that average growth rates outside of London have hit double digits. Read more.

London house prices: gap between capital and the North narrows as mini-boom sweeps the country: The gap between asking prices in London and the north of England has shrunk to its smallest in eight years, as the Covid-triggered property market “mini boom” sweeps the top half of the country. The average price tag of a home in England has hit new heights this month, according to Rightmove’s May house price index, rising £5,767 (1.8 per cent) to £333,564. This has been driven by an 11.1 per cent increase in the north west and a 10.5 per cent rise in Yorkshire and the Humber. Read more.

Renting still going strong despite govt attempts to talk-up ownership: Nearly a quarter (21%) of UK renters plan to stick to renting with 15% particularly enjoying the freedom to live wherever they want, according to a new survey. Read more.

77% of London home movers set to leave the capital for good: Living in and out of lockdown for the last year has meant many people have re-evaluated what they want from their homes and when it comes to what matters most, being near green space and friends/family come out on top. Read more.

The benefit of off plan property investing: Kazuki Topham explores why buying property off plan gives investors an advantage. Watch the video here.