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FREE landlord softwareMortgage approvals hit 17-month high, Bank of England data shows, adding to signs UK housing market is 'heating up... http://t.co/jw6FjYShV0
— This is Money (@thisismoney) September 1, 2015Tuesday, September 01, 2015
Mortgage approvals hit 17 month high
Are prefab boxes the answer?
Are prefab boxes the answer to Britain's severe housing shortage? http://t.co/EWLUCAhjI7
— Telegraph Property (@TeleProperty) September 1, 2015Economic growth to push up prices
Britain’s economy is likely to grow but so too will house prices and rents, prolonging crisis of unaffordable housing http://t.co/zc3AjC47Et
— Guardian Housing (@GuardianHousing) September 1, 2015The yanks are coming to UK's PRS
As the tide turns against the small independent landlord ( changes to tax relief, ever increasing regulation, licensing, ending of council tax relief on empty property ...the list goes on), the big boys are moving in to take a slice out of the UK private sector pie.
Now the yanks are coming. Atlas Residential, a US Build To Rent giant has bought a 145,500 sqft site in Southampton. Their plan is to build, then manage, 211 private rental flats on the site.
An Atlas spokesman commented“Our view of property management is highly amenity- and customer service-centric and we look forward to delivering that philosophy to the UK renter, whom we believe will react very positively to it. We look forward to expanding our UK footprint with Rockspring and capitalising on this emerging, yet rapidly growing, asset class”
Now the yanks are coming. Atlas Residential, a US Build To Rent giant has bought a 145,500 sqft site in Southampton. Their plan is to build, then manage, 211 private rental flats on the site.
An Atlas spokesman commented“Our view of property management is highly amenity- and customer service-centric and we look forward to delivering that philosophy to the UK renter, whom we believe will react very positively to it. We look forward to expanding our UK footprint with Rockspring and capitalising on this emerging, yet rapidly growing, asset class”
Atlas's partner in the venture, Rockspring, has gross assets of €7.9 billion.
HMO's fair best under tax relief reversal
HMO buy-to-let will best weather tax relief reversal http://t.co/4l8xNIiVsX
— FTAdviser (@FTAdviser) September 1, 2015Rent controls - a warning from Scotland
This piece in the Scotsman by Dr John Boyle warns about the unforeseen consequences of rent controls.
He argues as we do at Property Hawk is what we need is more housing for everybody not arbitrary controls on price that distorts markets and fail everybody in the long run.
Germany is often cited as a modern economy where rent controls and restrictions are used to combat fast rising rent increases. However, here there are other tax incentives in place to stimulate investment in the PRS. This is the opposite to the UK where the Chancellor is planning to remove one of the few tax breaks for landlord by limiting mortgage interest relief for higher rate tax payers.
Tellingly a recent survey of Scottish tenants reveals that only 86% of tenants received a request for a rent increase during their tenancy. Hardly an indication of rocketing rents.
Landlord insurance - expert brokers - online rates
He argues as we do at Property Hawk is what we need is more housing for everybody not arbitrary controls on price that distorts markets and fail everybody in the long run.
Germany is often cited as a modern economy where rent controls and restrictions are used to combat fast rising rent increases. However, here there are other tax incentives in place to stimulate investment in the PRS. This is the opposite to the UK where the Chancellor is planning to remove one of the few tax breaks for landlord by limiting mortgage interest relief for higher rate tax payers.
Tellingly a recent survey of Scottish tenants reveals that only 86% of tenants received a request for a rent increase during their tenancy. Hardly an indication of rocketing rents.
Landlord insurance - expert brokers - online rates
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