Tuesday, May 25, 2010
VI article but the numbers are interesting (assuming they are accurate)
FT: Landlords' portfolios soar in first quarter
The average landlord's portfolio jumped 6.1 per cent in value to over £1.5m during the first three months of 2010, according to Paragon Mortgages.The lender said the general improvement in UK house prices was reflected in an acceleration in the rate of growth in residential property portfolio values and was up from a 4.2 per cent rise the previous quarter ending December 2009. Paragon said the figure takes into account changes to property values and sales and acquisitions, which suggested landlords had been adding property to their portfolios or replacing existing stock with higher value properties .
Posted by jack c @ 10:56 AM (947 views) Add Comment
3 Comments
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1. mark wadsworth said...
I think we are broadly agreed that owning your own home is A Good Thing.
The Home-Owner-Ist agenda claims to be supporting homeownership, whereas, by offering lightly taxed (and heavily subsidised) government guaranteed profits on an already overpriced 'asset', the overall tendency is for the spread of homeownership to decrease over time (more BTL = less owner occupation). So Home-Owner-Ist economic policies are yet again exposed as a big fat lie.
I wonder how the Wilsons are getting on?
2. jack c said...
"I wonder how the Wilsons are getting on?" - no doubt still deliberating over which overseas offer to accept for the entire portfolio (LOL) - they best act fast as rumour has it they could get stung with an increased CGT liability.
3. Danlee_bmth said...
I haven't read the article (don't want my blood pressure rising to dangerous highs!) but I notice that the summary talks of "average landlords portfolio jumped 6.1% per cent in value to over £1.5 milllion" - whilst on first read of the summary I thought "Grrrrrrrrrr!" could this rise be due to 1) HPI of around 10% in the year and 2) smaller landlords 'getting out' leaving a greater proportion of the larger landlords?