Buy-to-let continues to grow

Posted: 28 Feb 2007 10:39:24 GMT

The buy-to-let sector continued to grow during the final quarter of 2006, a National Association of Estate Agents (NAEA) survey has shown

The buy-to-let sector continued to grow during the final quarter of 2006, a National Association of Estate Agents (NAEA) survey has shown.

Rents grew at an average 1.5 per cent over each of the last three months of 2006, rising to 1.79 per cent in December. This compares to 0.7 per cent in the same period of 2005.

This was both due to increased demand and rising borrowing costs which were passed on to tenants.

"The lettings market remained steady and strong throughout the latter part of 2006," said Jan Bartlett of the NAEA.

"Interest rate rises are a concern as many landlords may choose to sell and 'cash in' on their investment at the threat of increasing expenses.

"However, I am confident that there is still significant return to be gained from buy to let property and I hope that the initiation of the tenancy deposit protection initiative will not deter investors."

Time taken to let property also rose slightly over the quarter at an average 13 days, compared to 12 days in the third quarter.

© Houseladder Ltd

Advertise FREE! Sell or Let your Property Online FREE 0% commission ...

HIPS Do You Need a Home information pack?

Sale & Let Signs Save thousands!!, Sell or Let your Property with a sign ...

Advertise on 100s of Sites and more ! Reach millions on 100s of sites...

Free eBook

House Prices Free access to official Land Regsitry Data ...

Mortgages Compare 1000s of Mortgages ...

Home Insurance Compare 100s of companies ...

MORE UK PROPERTY NEWS: February 2007

Buy-to-let continues to grow  Posted: 28 Feb 2007 10:39:24 GMT
The buy-to-let sector continued to grow during the final quarter of 2006, a National Association of Estate Agents (NAEA) survey has shown

House price growth back in double figures  Posted: 28 Feb 2007 10:38:05 GMT
House prices in the UK have experienced their 12th month of growth in February, the Nationwide property index has shown

Population movement linked to property price  Posted: 27 Feb 2007 10:29:18 GMT
The number of people choosing to move into an area and the cost of property are intimately linked, a survey for Propertyfinder has found

Plus-size mortgage take-up increases 50%  Posted: 27 Feb 2007 10:27:00 GMT
The number of mortgages worth more than the price of the property they are secured against being taken out by first-time buyers has risen 50 per cent, new research has shown

Clock ticking on deposit protection  Posted: 26 Feb 2007 10:28:38 GMT
Landlords have until April 6th to ensure that they are registered with a tenancy protection scheme or face paying big penalties to their tenants, an industry association has warned

Property price growth at three year high  Posted: 26 Feb 2007 10:26:20 GMT
House price growth rose to a three-year high during February Hometrack has said, as supply shortages compensated for increased borrowing costs

Supply shortages sustain price rises  Posted: 23 Feb 2007 09:59:47 GMT
Supply shortages have boosted house prices for the 15th consecutive month despite slowing demand, the Royal Institution of Chartered Surveyors (Rics) has said

Agents reveal top tips for finding growth potential  Posted: 23 Feb 2007 09:58:08 GMT
Seeing plenty of skips and scaffolding on the streets is a sure sign that an area is on the up, estate agents have said

CML calls for delay to Hips launch  Posted: 22 Feb 2007 10:56:10 GMT
The launch of home information packs (Hips) should be delayed until more research into their impact and more thorough trials have been carried out, mortgage lenders have said

A fifth of property sales purely investment  Posted: 22 Feb 2007 10:53:53 GMT
A fifth of home sales during 2007 will be made primarily as a long-term investment, buy-to-let mortgage specialist Birmingham Midshires has forecast

Mortgage lending at record high  Posted: 21 Feb 2007 09:58:59 GMT
Overall mortgage lending rose to a seasonal record during January, the Council of Mortgage Lenders (CML) has said

DIY as serious as other investments says Biba  Posted: 21 Feb 2007 09:56:38 GMT
Homeowners should treat DIY work as seriously as they do other forms of investment in their property, insurance companies have said

Overseas Brics and mortar demand drives UK property  Posted: 20 Feb 2007 11:03:31 GMT
Property price growth in the UK, already supported by supply and demand pressure, will be boosted by overseas investors in the next few years, says agent Knight Frank

New buyers look ahead to 52 years of mortgage payments  Posted: 20 Feb 2007 11:02:20 GMT
First-time buyers are increasingly opting to extend the term of their mortgages beyond the traditional 25 years in order to cut monthly payments, a study has claimed

Treasury launches new crackdown on landlords  Posted: 19 Feb 2007 10:45:09 GMT
The Treasury has launched a new campaign to crackdown on buy-to-let investors who are not registering rent as earnings

House price growth slows  Posted: 19 Feb 2007 10:42:49 GMT
Annual house price growth fell to its lowest point for 18 months during February Rightmove has claimed, down two percentage points to 11.5 per cent

NI rental investors at risk warns report  Posted: 16 Feb 2007 10:05:16 GMT
New and inexperienced buy-to-let investors buying into Northern Ireland's current boom could be placing themselves at risk, a University of Ulster report has found

New-build prices drop  Posted: 16 Feb 2007 10:03:33 GMT
New-build home prices fell 0.3 per cent in January as buyer confidence declined in the face of interest rate rises, research for SmartNewHomes has shown

Interest rate direction remains "uncertain" warns Bank of England  Posted: 15 Feb 2007 09:46:58 GMT
"Considerable uncertainty" remains over the direction of interest rates in the short to medium term, the Bank of England has warned

Nine per cent of mortgages now buy-to-let  Posted: 15 Feb 2007 09:45:24 GMT
Nine per cent of all mortgages outstanding in the UK are buy-to-let products, a report from the Council of Mortgage Lenders (CML) has revealed

Mortgage lending hits seasonal record  Posted: 14 Feb 2007 10:12:08 GMT
Overall mortgage lending rose to a seasonal record during December despite falling 14 per cent from the all-time high of £33.2 billion seen in November, new figures show

Buy-to-let investment continues to climb  Posted: 14 Feb 2007 10:09:35 GMT
The number of landlords intending to expand their portfolios continues to rise despite falling higher borrowing costs, research for the Homebuyer Show has found

Average prices break £200k barrier  Posted: 13 Feb 2007 10:12:32 GMT
The average house price in the UK has climbed above £200,000 for the first time, government statistics have revealed

Social tenants given chance to buy stake in home  Posted: 13 Feb 2007 10:08:49 GMT
Social housing tenants will be given assistance to buy their homes even if they can only afford ten per cent of the asking price, the government has said

Buyers pitching above market value  Posted: 12 Feb 2007 11:02:29 GMT
Frenetic competition in the housing market is encouraging buyers to make offers considerably above asking prices, agent Hamptons International has said

Homeowners over reliant on bricks and mortar says study  Posted: 12 Feb 2007 11:00:44 GMT
Two thirds of all homeowners have all their savings tied up in bricks and mortar, with no plans to diversify their assets, research from Durham University has found

First-time buyers stay away after rate rise  Posted: 09 Feb 2007 10:31:15 GMT
The number of first-time buyer mortgage applications has fallen over the course of January after hitting an eight-month peak at the end of 2006, Mortgage Direct has said

Rates on hold for February  Posted: 09 Feb 2007 10:29:36 GMT
The Bank of England has left interest rates on hold for February as it attempts to gauge the impact of January's shock quarter-point increase to 5.25 per cent

House prices up 1.3% says Halifax  Posted: 08 Feb 2007 10:14:23 GMT
House prices rose 1.3 per cent over January following a slight negative blip at the end of 2006, the Halifax house price index has shown

Country at risk of becoming "playground for rich" says Rics  Posted: 08 Feb 2007 10:13:21 GMT
The British countryside is at risk of becoming "a playground of the rich" within a generation, the Royal Institution of Chartered Surveyors (Rics) has warned

HMRC warns landlords of tax liabilities  Posted: 07 Feb 2007 10:33:21 GMT
Many recent entrants to the buy-to-let market and homeowners who let a room in their house are unaware of their tax obligations, the government has warned

NI prices rising a third a year says survey  Posted: 07 Feb 2007 10:30:52 GMT
Northern Irish house prices are growing at a rate of almost a third every year, a survey for the University of Ulster has said

Most would-be buyers prepared to give up holiday  Posted: 06 Feb 2007 10:27:53 GMT
More than half of all would-be first-time buyers say that they would be prepared to ditch their annual holiday if it meant that they were able to get on the property ladder sooner

Landlords covering more costs with deposits  Posted: 06 Feb 2007 10:26:42 GMT
More than two-thirds of landlords applying for buy-to-let mortgages at the end of 2006 applied for deals of less than 75 per cent loan-to-value, new figures have shown

Co-habiting partners legal precedent to be decided  Posted: 05 Feb 2007 10:50:41 GMT
The legal status of hundreds of thousands of unmarried co-habiting homeowners could be decided by a case which reaches the House of Lords today

Family homes better buy-to-let investment says guru  Posted: 05 Feb 2007 10:48:44 GMT
Family homes now offer better buy-to-let potential for capital gains and rental yields than flats, rental guru David Lawrenson has said

Hips rollout extended  Posted: 02 Feb 2007 10:41:26 GMT
An additional 12 areas are to join the six regions currently taking part in a dry run of Home Information Packs (Hips) the association backing the project has revealed.

Eastenders receive Olympic bounce  Posted: 02 Feb 2007 10:39:55 GMT
Areas of east London immediately around the 2012 Olympic site have seen property prices increase more than 15 per cent since the city won the bid, Halifax has found

Home repo rates up over 2006 says CML  Posted: 01 Feb 2007 11:00:46 GMT
The number of homes repossessed during 2006 rose 65 per cent compared to the year before, figures from the Council of Mortgage Lenders (CML) have shown

Private rented stock quality continues to improve  Posted: 01 Feb 2007 10:57:43 GMT
Increased competition in the private rented sector has continued to drive up the quality of housing stock, the English House Condition Survey has found

UK PROPERTY NEWS: Archives

2008 August
2008 July
2008 June
2008 May
2008 April
2008 March
2008 February
2008 January
2007 December
2007 November
2007 October
2007 September
2007 August
2007 July
2007 June
2007 May
2007 April
2007 March
2007 February
2007 January
2006 December
2006 November
2006 October
2006 September
2006 August
2006 July
2006 June
2006 May
2006 April
2006 March