Friday, Mar 30, 2007
UK buy-to-let investors reaping a good return
999 Today: UK is second best for buy to let
According to the Assetz Property Investment Tracker, UK buy-to-let investors are enjoying a 63% return in cash investment. Poland leads the table at 165% with Bulgaria in third position at 54%. The managing director of Assetz predicts a growing demand for buy-to-let properties in the next few years.
Posted by Caroline @ 01:42 PM (196 views) Add Comment
9 Comments
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1. tyrellcorporation said...
BTL has done immeasurable good for our economy and society at large. Long may it continue and flourish to the benefit of all concerned!
2. paul said...
This is particularly incisive and independent research, Caroline - thanks for posting it.
I asked my barber what he forecast for the his own market in the coming year. "More haircuts will be needed for sure and hair could grow faster if left unchecked. Not to mention the beard rationalization market ... "
If only he were a public company, you could buy his shares with that kind of market outlook ...
3. waitingfor hpc said...
seems strange .. if the poles can make money sitting at home and MEW it as we buy their house - why the hell is half of Poland over here working?
4. taffee said...
absolute fantasy land........yields crap,but don't worry prices just keep going up
unbelievable...its the endowment fiasco of property.
5. C'mon Correction said...
BTL all good? Hmm, I'll try telling that to a close friend still currently un-able to let his "investment", sitting on a void that is costing him dear. Bought a property almost three years ago, has renovated it and can't let it out. He did try selling it for a 4 month period last year, only to find he couldn't sell it for what it cost him 3 years ago!!!!
BTL is only an investment in most cases around here to anyone who bought more than six years ago (better investment would be in a normal savings account otherwise). When prices start falling properly over the next two years - that "investment" will look even worse. Idiots !!! Still, my rent is super cheap :o)
6. Wsn03 said...
Very good post caroline, another property websites unbiased opinion.
7. denzil said...
Breaking news: "Assetz Property Investment Tracker says BTL a good bet"
No f-ing shit Sherlock!!
Assetz the investment company for the chav generation or should that be chavz?!!
From their name onwards there is nothing that would make me have anything to do with this Del boy organisation and their even more pathetic name. As a company they are so no new they still don't have a VAT number so how in Gods name they are regarded as a reliable source that can be quoted in the media shows a complete lack of any journalistic integrity.
From their website:
"We deliver selected buy-to-let and commercial investment property to small and large private investors."
Founded 2005. Crikey that's a really long history isn't it.
8. enuii said...
You know the horse has bolted the stable when you see stuff like this, sounds like the way the used to sell time shares before they went out of fashion.
9. disgustedofyork said...
I think this is warmed over, rehashed news. Just look at this bit:
Stuart Law, managing director of Assetz, said: "The growing demand for homes, driven by high immigration and the forthcoming expansion of the EU to include such countries as Bulgaria, Poland and Romania, will continue to drive demand for the buy to let market over the next few years.
Notice the words 'forthcoming'. Either Stuart Law can't even check his facts, or this is news from the past, as Poland joined the EU in 2004, and Bulgaria and Romania joined this year. Either way, statements like that tend to make you question the validity of a statement like 'continued strong and sustainable housing market growth'.
It's rather sad really, if you gave investment advice that badly written, and did so without any mention of any possible downside, for any other class of investment, you'd be shut down by the regulator.