Property to Invest
Strong tenant demand drives rents up
London landlords have seen the average rent achieved on their new property investments continuing to rise quicker than the prices they pay for these properties, according to a new index.
Across the UK, strong tenant demand in late 2006 and early 2007 drove achievable rents up by 0.4 per cent in December and a further 2.5 per cent in January, the figures revealed, with average annual rental incomes reaching £9,942 in January, from £9,665 a month earlier.
Greater London, the south-east of England and East Anglia have seen particularly positive trends in rents and yields, benefiting from the capital's economy and strong financial services sector, claimed Paragon Mortgages, which compiled the index.
Managing director of the firm John Heron commented: "Demand from tenants is particularly strong in London and its hinterland.
"The capital sees the largest influx of inward migrants and continues to enjoy a buoyant economy notwithstanding the impact of rising inflation and borrowing costs.
"At the same time investors have been actively growing their portfolios in response to higher rents and rising yields."
The picture of strong tenant demand is borne out by figures released this week from the Royal Institution of Chartered Surveyors, which claimed that demand for rental properties rose at its fastest pace for nine years in the final quarter of 2006.
Landlord Mortgages comments ‘this buy to let news isn’t really new; we have seen rental income climbing for sometime. Novice buy to let investors are generally unable to find the required deposit to make the figures stack, and stack the figures must do if the novice wants to arrange 85% or 90% Buy To Let Mortgages. Whilst the novice struggles with the figures the prospective tenant loses. Tenants are likely to spend the summer fighting over properties and landlords will start to demand the highest rents. In autumn we will probably see Buy To Let back on the agenda!’
Grandin says ‘confidence remains high in our Buy To Let sector, we are noticing a lot of Buy To Let remortgages with plenty of equity being pulled out of property. The equity being pulled out seems to be ‘squared up’ for further property purchases. It seems that Landlords want to concentrate on buying properties and not selling properties.’
Buy To Let Property Places to Invest
Buy To Let data is not available in ASCOT
Buy To Let data is not available in BEDWORTH
Buy To Let data is not available in BRECON
Buy To Let can be profitable in CAMPBELTOWN
Buy To Let Property data is not available in COLEFORD
Buy To Let Property data is not available in DIDCOT
Buy To Let Property data is not available in EYE
Buy To Let Property data is not available in GRAVESEND
Buy To Let Property data is not available in HITCHIN
Buying property investment type of accomodation can be time consuming in IVER
Houses that can be split into seprate units can be found in LEEONTHESOLENT
Sharers often provide good returns in LOOE
Property investment is a difficult game, research well before buying in MINDRUM
New Build flats are not always good investments in NUNEATON
Landlords with experience have bought in PRENTON
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Buy To Let Property data is not available in FRASERBURGH
Buy To Let Property data is not available in HASTINGS
Buy To Let Property data is not available in ILKLEY
Flats for buy to let can be found in KINLOCHLEVEN
To find property can be difficult in some areas of LLANDOVERY
Property, especially flats can be found inMANCHESTER
Owner occupier market is good in NEWCASTLE
Letting property can be easy in PENTRE
Landlords do invest in RIDINGMILL
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Buying property for let can be good in JOHNSTONE
I have heard that some Estate Agents are difficult to deal with. Watch out in LEISTON
Renting property out can be time consuming, ensure you buy right in LOUTH
Property investment can be lucrative in MOELFRE
Like many towns, flats yield best in OLDHAM
Landlords try buy at under market value, you need to do your homework inPRESTONPANS
Various pockets still offer good investment returns in SANDRINGHAM
We have no data but have certainly had enquiries from landlords wanting to buy to let in stalbans
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Buy To Let flats can be found in CHESSINGTON
Buy To Let Property data is not available in CRIEFF
Buy To Let Property data is not available in DUNS
Buy To Let Property data is not available in FRESHWATER
Buy To Let Property data is not available in HATFIELD
Buy To Let yields have dropped in ILMINSTER
Flats for buy to let can be found in KINROSS
To find property can be difficult in some areas of LLANDRINDODWELLS
Property, especially flats can be found inMANNINGTREE
Owner occupier market is good in NEWCASTLETON
Letting property can be easy in PENYSARN
Landlords do invest in RINGWOOD
