Saturday, Mar 03, 2007
Flexible living to bring buy-to-let boom
Yahoo: Flexible living to bring buy-to-let boom
The buy-to-let market will grow by 40 percent within the next decade, as more Britons crave "flexible living", according to Alliance & Leicester (A&L).
Posted by rep013 @ 01:42 AM (161 views) Add Comment
9 Comments
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1. Rod, Jane & Freddy said...
Stephen Leonard, director of mortgages at A&L, said: "Demand for rented property has been growing steadily in recent years and returns on buy-to-let have increased.
"The prediction of further rate rises this year has fuelled debate on a cooling in the buy-to-let market with rental yields decreasing," he said.
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WTF is he actually saying then?
2. Nasha said...
"Professional landlords currently account for a fifth of buy-to-let investors. They are defined as having a portfolio worth at least 1 million pounds, six to 20 properties to their name or having been landlords for at least two years."
Four fiths of investors are not professional landlords and thats pretty bad considering the loose deffinition above. And given that deffinition it says to me that most non professional landlords have bought thier properties in the last 2 years and it accounts for 4/5ths of the market?? I wish them all the luck in the world!!
3. Surfgatinho said...
This article is the biggest pile of **** I have read for some time. "desire to rent", what, priced out!
4. inbreda said...
"An increase in positive attitudes towards renting ..."
So maybe the headline should read "Houses to collapse as people stop buying houses because they prefer to rent"
5. Nasha said...
inbreda... Nice
6. paul said...
Woohoo! Hairdressers say people will need more haircuts in future, leading to a steady rise in the cost of haircuts!
7. enuii said...
Flexible living, the ultimate epitomy of the Rat Race and it's Salary Slaves. There comes a point in life when you are absoloutely pissed of with swapping jobs and moving around the country for a few quid more, either voluntarily or not. Changing jobs every few years equals lots of staff pensions with not enough money in any of them or a private one, permanently renting or paying a fortune in tax and to estate agents and other shisters.
People craving flexible living! I think not, being forced into it subconsciously then Yes!
8. Davros said...
Smacks of desparation by the A+L to me.
9. Si1 said...
yeah this is entertaining - apparently the high cost of houses used to be maintained by the insatiable need to be owner-occupiers, now the societal need has changed - to renting - and it will lead to upwards pressure on house-prices