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Peter & The Wolf

Btl Demand Is Hale And Hearty

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DEMAND from tenants for rented homes has continued to place upward pressure on rents for the sixth month in a row, according to financial services group Paragon.

Last month, the average annual rent in England and Wales stood at £10,702 – an increase of £1,037 or 10% on November’s figure of £9,665.

Nigel Terrington, chief executive of Paragon, said, “The private rented sector is buoyant as demand from tenants continues to be strong. Many parts of the community, such as students, migrants, people on housing benefit and first jobbers, rely on rented accommodation for their housing needs, and the sector is set to continue this growth over the next five to ten years.”

In a recent survey by Paragon, 63% of residential property investors reported that tenant demand was either stable or growing, and that they were responding by growing their buy-to-let portfolios.

Mr Terrington said, “Commentators forecasting a downturn in the buy-to-let market have overlooked the fundamental dynamic of the UK housing market – people need somewhere to live, and for many, house purchase is simply not an option.”

And Paragon are...........................yep, BTL mortgage specialists.

I fear they doth protest too much.

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It is not beacuse you're on HPC that you must lose sight of the housing situation !

Paragon is right in its comments on the demand for rented accomodations.

If FTBs are priced out, they'll need to live somewhere.

This is why I reckon there will be some support there. However, you can raise the question on rental growth, which should not quicken beyond earnings growth.

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It is not beacuse you're on HPC that you must lose sight of the housing situation !

Paragon is right in its comments on the demand for rented accomodations.

If FTBs are priced out, they'll need to live somewhere.

This is why I reckon there will be some support there. However, you can raise the question on rental growth, which should not quicken beyond earnings growth.

ok - so what about massive oversupply and why aren't rents really going up?

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Well, I have just helped my daughter find a rental in Bucks. Spent quite a lot of time looking and rents were dropping everywhere. One EA said wait another couple of weeks and they will be even cheaper. End result, my daughter secured a 3 bed semi in a very posh area for 850 pm after the LL had started at 1.1k.

But thats just anecdotal. The big picture shows that BTL is no longer viable as an investment. HPI has peaked, IR are on the rise and Big Al has forecast a "possible probable" recession. Yields are careening downwards to below 4% and BTL type properties are flooding the market.

Bottom line: Paragon are full of bovine excreta.

Edited by Realistbear

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Well, I have just helped my daughter find a rental in Bucks. Spent quite a lot of time looking and rents were dropping everywhere. One EA said wait another couple of weeks and they will be even cheaper. End result, my daughter secured a 3 bed semi in a very posh area for 850 pm after the LL had started at 1.1k.

But thats just anecdotal. The big picture shows that BTL is no longer viable as an investment. HPI has peaked, IR are on the rise and Big Al has forecast a "possible probable" recession. Yields are careening downwards to below 4% and BTL type properties are flooding the market.

Bottom line: Paragon are full of bovine excreta.

I wonder what Berti Ahern would think of you RB?

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There is more previously rented properties going on sale here in NI over recent weeks than I can count. Inventory on property news (our nearest equivilant to right move) is rising steadily.

BTL is in it's death throws.

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Guest d23
Well, I have just helped my daughter find a rental in Bucks. Spent quite a lot of time looking and rents were dropping everywhere. One EA said wait another couple of weeks and they will be even cheaper. End result, my daughter secured a 3 bed semi in a very posh area for 850 pm after the LL had started at 1.1k.

But thats just anecdotal. The big picture shows that BTL is no longer viable as an investment. HPI has peaked, IR are on the rise and Big Al has forecast a "possible probable" recession. Yields are careening downwards to below 4% and BTL type properties are flooding the market.

Bottom line: Paragon are full of bovine excreta.

wow, EA's in the midlands have an amazing line in sales patter.:rolleyes:

ursine excretia?

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I get the paragon release, and to be honest it's tripe.

Rents aren't rising 15% pa or whatever they state, if it were true you would see similar figures in the RPI or CPI.

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