Bluedoor is the Unusual Agent. What makes us unusual? Read on and you will see.............
Tuesday, November 29, 2011
Monday, November 28, 2011
Rental Index from Homlet.
Rental amounts lower in seasonal dip
The continual increase in average UK rental amounts has come to a temporary halt according to the latest HomeLet Rental Index, which seems to have given tenants a moment’s reprieve from other soaring living costs.
However, as seen from the report, this seems to be a seasonal trend caused by the increase in students applying for shared rental properties who generally pay lower amounts of rent.
Also despite the average UK rental amount lowering to an average of £763 per month, costs are still 4.2% more expensive than the same time last year.
The continual increase in average UK rental amounts has come to a temporary halt according to the latest HomeLet Rental Index, which seems to have given tenants a moment’s reprieve from other soaring living costs.
However, as seen from the report, this seems to be a seasonal trend caused by the increase in students applying for shared rental properties who generally pay lower amounts of rent.
Also despite the average UK rental amount lowering to an average of £763 per month, costs are still 4.2% more expensive than the same time last year.
Thursday, November 10, 2011
What may happen now! The future of house prices......?
Savills publishes its forecasts to 2016
Thursday, November 10, 2011
Published by MILLIE DYSON
Commercial | 0 Comments
Private rental market – the biggest challenge and the biggest opportunity, report Savills.
Rising demand from those unable to buy their own homes and those reluctant to commit in the current market means that rents will rise significantly more than house prices over the next five years, says international real estate adviser, Savills, which has today published its forecasts to 2016.
The company forecasts that private renting will account for one in five households by 2016 and it is unlikely that supply will keep pace with demand – at least in the next five years.
Competition among renters will drive rents higher, with growth in mainstream rents forecast to rise by 20.5% by the end of 2016. This growth significantly outpaces house price growth which is expected to total just 6.0% over the same five years.
This differential in capital value growth and rental value growth will push out yields and, says Yolande Barnes, Director of Savills Residential Research, is likely to be the catalyst for renewed investment activity in the sector by corporates and institutions looking for income rather than individuals looking for capital growth.
Rental growth of the scale forecast by Savills would see the headline average gross yield on residential stock (IPD) rise from 5.4% to 6.1% across the five year period.
In areas of low owner-occupier demand, and associated suppressed capital values, yields are already high and could see an even greater shift, perhaps averaging nearer 9% by the end of 2016.
In prime London, rental growth of 20.5% is forecast for the next five years, though the forecast of 22.7% capital growth will suppress yields.
For prime central locations then, capital growth will continue to be the major draw for investors. Prime locations outside the centre will see some outward yield movements though.
Yolande Barnes, Director of Savills Residential Research, says:
“We have long been advocates of residential property investment in the private rented sector. Until recently this has primarily been predicated on the expectation of increased capital value, but there is now a strong case on the basis of income.
“A strong investment case can also be made in terms of the rapidly rising demand for private rented accommodation, a situation that is unlikely to change for as long as mortgage finance remains scarce and first time buyer deposits are unaffordable.
"And although rents have risen sharply this year, the inbuilt supply shortage means that we see nothing overheated about this market.
“The biggest challenge now is how to deliver much needed supply into the private rentals market.”
Thursday, November 10, 2011
Published by MILLIE DYSON
Commercial | 0 Comments
Private rental market – the biggest challenge and the biggest opportunity, report Savills.
Rising demand from those unable to buy their own homes and those reluctant to commit in the current market means that rents will rise significantly more than house prices over the next five years, says international real estate adviser, Savills, which has today published its forecasts to 2016.
The company forecasts that private renting will account for one in five households by 2016 and it is unlikely that supply will keep pace with demand – at least in the next five years.
Competition among renters will drive rents higher, with growth in mainstream rents forecast to rise by 20.5% by the end of 2016. This growth significantly outpaces house price growth which is expected to total just 6.0% over the same five years.
This differential in capital value growth and rental value growth will push out yields and, says Yolande Barnes, Director of Savills Residential Research, is likely to be the catalyst for renewed investment activity in the sector by corporates and institutions looking for income rather than individuals looking for capital growth.
Rental growth of the scale forecast by Savills would see the headline average gross yield on residential stock (IPD) rise from 5.4% to 6.1% across the five year period.
In areas of low owner-occupier demand, and associated suppressed capital values, yields are already high and could see an even greater shift, perhaps averaging nearer 9% by the end of 2016.
In prime London, rental growth of 20.5% is forecast for the next five years, though the forecast of 22.7% capital growth will suppress yields.
For prime central locations then, capital growth will continue to be the major draw for investors. Prime locations outside the centre will see some outward yield movements though.
Yolande Barnes, Director of Savills Residential Research, says:
“We have long been advocates of residential property investment in the private rented sector. Until recently this has primarily been predicated on the expectation of increased capital value, but there is now a strong case on the basis of income.
“A strong investment case can also be made in terms of the rapidly rising demand for private rented accommodation, a situation that is unlikely to change for as long as mortgage finance remains scarce and first time buyer deposits are unaffordable.
"And although rents have risen sharply this year, the inbuilt supply shortage means that we see nothing overheated about this market.
“The biggest challenge now is how to deliver much needed supply into the private rentals market.”
Wednesday, November 09, 2011
Have you read our reviews?
If you search for us on Google you will find that there are five yellow stars under our name. We are loved by everyone who reviews our services so why not give us a try and let us know what you think?
It seems that we are one of the only agents in Abingdon with any reviews at all which is ....unusual. See: we told you we were unusual!
It seems that we are one of the only agents in Abingdon with any reviews at all which is ....unusual. See: we told you we were unusual!
Sunday, November 06, 2011
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