UK landlords turn positive on future
The UK buy to let market is apparently bottoming out if UK landlords are to believed, with a forecast that portfolios will rise by an average of 0.8% over the next 12 months. This is a significant movement when you bear in mind that property prices have been falling for the last two years and rental income has also been decreasing for the last 12 months or so. So what is happening at the moment?
While there is differing information regarding property values in the UK, with some areas responding better than others, there is no doubt that rental income is starting to level off and may well be over the worst. This comes at a time when many buy to let entrepreneurs have seen their property values collapse and with many borrowing money on earlier property acquisitions, a number of portfolios have fallen like a pack of cards. This is a sector which for many years was very lucrative for a great number of UK business people but has since turned sour and left many bankrupt.
This interpretation of the property market in 2010 is against that of many analysts who believe we could see further falls in the UK property sector over the next 12 months. Time will tell, but differing opinions make markets!
Share this..
Related stories
Business sentiment hits rock bottom
Business sentiment with regards to the future of the UK economy is now at levels not seen since the depths of the recession in May 2009. It seems that many business leaders believe that the UK economy is headed for choppy waters and more and more business associations are now calling on the Bank of England to reintroduce quantitative easing and other fiscal stimulus programs. So what has turned se...
Read MoreShould we be concerned about the economic downturn in Ireland?
Yesterday's news that the Irish economy, measured by gross domestic product, fell by 1.2% in the second quarter of 2010 shocked many investors. Even though it was common knowledge that the Irish economy was struggling, due to the property sector and financial sector crashes, nobody quite expected a return to a shrinking economy so soon. So should we be concerned about the economic future of Irelan...
Read MoreBonfire night can cost uninsured millions
Bonfire night could cost those without insurance as much £780 million in damage, recent research by AA Home Insurance has indicated. According to the AA, as Brits increasingly spend more time and money on their gardens, the combined value of outdoor property in the UK is now estimated to be worth as much as £5.7 billion, but as many as a quarter (23 per cent) of people in the UK say none of the...
Read MoreMarc Bolland to leave Morrison's early
Marc Bolland, the chief executive of Morrison's, has been relieved of his duties at Morrison's having been forced to step down ahead of his move to UK retail giant Marks & Spencer. Despite the fact that he has been relieved of his duties with immediate effect he has yet to agree a release date from Morrison's. However, the fact he is paid £1.7 million a year will certainly be in the minds of Morr...
Read MoreTesco shares lose another 15pc as profit warning is issued
09/12/2014 The financial pressure has been piled higher on the UK’s largest supermarket chain Tesco, as it was revealed share prices have slumped by a further 15 per cent. For the third time in a matter of months the supermarket giant issued a profit warning, downgrading its estimate from its previous forecast, and in turn knocking value from the companies share prices. Tesco made a report...
Read More