This entry was posted on Friday, May 18th, 2007 at 4:35 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Landlords Charge Higher Rents after Interest Rates Increase
Recent surveys show that average rents went up by 6.5 percent in the first four months of the year, reaching £10,591 from their former level of £9,942. It seems that this trend is related to the increase in interest rates and the strong demand for rental accommodation on the market.
With a stable growth above six percent over the last year, rental properties continue to be attractive for the buy-to-let portfolios of current landlords. While 43 percent of them are satisfied with their current status and are not planning to expand, 12 percent of landlords are interested in investing further in buy-to-let properties. The means of financing used are mostly equity and debt, with a common ratio of one third cash and two thirds borrowing.
This entry was composed by Ethan McHugh. Ethan is also one of the primary writer for Webmasters Desk Blog and has started to become a authority on the topic of buying overseas investment property.
- London rents hit record levels in June
- One Quarter of Landlords See Returns Over 30%
- The Buy-to-let Heaven Is in Wales
- Older Buyers Relocate Further Away from Current Property
- Interest Rates Go Up By 0.25 Percent