As reported in the Telegraph earlier, Bradford and Bingley the mortgage specialists have conducted a survey and found that in fact the higher interest rates “have no impact” on the longer term health of the buy to let market.
The survey found that more than half of all land lords still intend on enlarging the size of their property investment portfolio. Only 4 per cent were considering actually realising some of their assets and decreasing the size of their portfolios over the next six months.
Would you believe that the most popular place in the UK to buy property to let is Brighton, with almost a third of land lords surveyed, owning a property within the limits of that costal city. The recent spurt of growth is believed to be fuelled by the huge student population and the fact that it is so close to London. It is technically only 1 hour by train from the centre of London.
Hailed as the "jewel in the South East's crown", Bradford and Bingley claims Brighton is "enjoying the fastest rate of growth" at the moment, driven by its large student population and close proximity to London.
The majority of land lords who were surveyed are "everyday people" seeking capital growth and a means to supplement their ever diminishing pension reserves.
The Director of Mortgages at Bradford and Bingley, Andy Wiggans, said "Higher interest rates may have an effect on cash flow but they have no impact on long-term capital returns."
Showing posts with label property investment. Show all posts
Showing posts with label property investment. Show all posts
Tuesday, 19 June 2007
Tuesday, 12 June 2007
Seaside town property
Apparently there is an element of symbiosis between the UK property market and the redevelopment of seaside towns, which many would be property investors might want to take advantage of.
The Co founder of PropertyFinder.com and property expert, Nick Leeming said that the booming market meant investors were prepared to pay for property in areas including Padstow and Rock on the Cornish coast, or the Isle of Wight. Additionally they are prepared to pay the prevailing high prices, knowing that it is in fact a good buy to let prospect, and should be relatively easy to keep tenanted.
Regeneration of the seaside towns is a key feature in the growth of property by the seaside, but as with anything property investment related Caveat Emptor should be the buzz word, as these types of towns can be “hugely variable”. The buoyancy of the property market is the driver of regeneration of areas which previously were not economically viable.
Ok well anyone who has been to somewhere like Brighton recently will be well aware of the cost of property and the fact that it is very popular with Londoners, many of whom commute. For this reason you might want to use the free property search tool to check out a few of the other costal towns which might be a bit cheaper.
The Co founder of PropertyFinder.com and property expert, Nick Leeming said that the booming market meant investors were prepared to pay for property in areas including Padstow and Rock on the Cornish coast, or the Isle of Wight. Additionally they are prepared to pay the prevailing high prices, knowing that it is in fact a good buy to let prospect, and should be relatively easy to keep tenanted.
Regeneration of the seaside towns is a key feature in the growth of property by the seaside, but as with anything property investment related Caveat Emptor should be the buzz word, as these types of towns can be “hugely variable”. The buoyancy of the property market is the driver of regeneration of areas which previously were not economically viable.
Ok well anyone who has been to somewhere like Brighton recently will be well aware of the cost of property and the fact that it is very popular with Londoners, many of whom commute. For this reason you might want to use the free property search tool to check out a few of the other costal towns which might be a bit cheaper.
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