Incoming MPs fear young will rent for life

Just before the General Election, a poll of future MPs published by the National Housing Federation has revealed that nine in 10 (89%) are worried that most under-30s in their constituency will not be able to afford to buy a home in a decade’s time. This echoes young people’s concerns that they will be renting for life.

The ComRes poll of sitting MPs and parliamentary candidates most likely to win their seats also found that almost seven in 10 (68%) future MPs would like the leader of their own party to do more to tackle the county’s housing challenges. Continue reading

Landlord support for Labour and Lib Dems halves since 2010 election

Landlord support for Labour and the Liberal Democrat Party has halved since the 2010 General Election because of their interventionist policies for the private rented sector (PRS), according to the National Landlords Association (NLA).

Research from the NLA shows that landlord support for the Labour Party has fallen from 11 per cent in 2010, to just six per cent who say they intend to vote for Ed Miliband at the polls on May 7th. The NLA predicts a further slide in Labour support, as the research was conducted before the party manifestos were published and the Labour leader confirmed his intention to cap rent increases at the rate of inflation. Continue reading

Surge in real estate investment and tenant demand points to strengthening economy

Demand for commercial property in the UK is growing close to its fastest pace since 1998 and, along with a surge in investment, reflects the widening economic recovery according to RICS.

In Q1 2015 the UK saw its 10th consecutive quarterly acceleration of demand for commercial properties, with 46% more respondents seeing greater interest. Interestingly, this points to stronger increases in employment with this series providing a two to three quarter lead on official jobs data compiled by the ONS (Office for National Statistics). Continue reading

A quarter of landlords would consider using a pensions lump sum to invest in property

The latest BM Solutions buy to let quarterly index shows 1 in 4 (26%) of landlords would consider using a lump sum from their pension to invest in property, with a further 24% undecided.

The quarterly BM Solutions / BDRC Continental Landlord Panel revealed that while 77% of landlords view their property portfolio as part of their pension provision, 38% are not planning to withdraw a lump sum from their pension to invest in property or don’t have enough in their pension to do so. This rises to 48% for landlords with larger portfolios (20+ properties). Continue reading

Scottish landlord exodus imminent

New research suggests there will be an exodus of landlords from the Scottish Private Rental Sector (PRS) in light of the removal of no fault grounds for repossession and the spectre of rent controls in City hotspots.   

The figures from lettings portal Citylets make for stark reading and have far reaching consequences for the sector which is already struggling to meet demand in some of its major cities. Continue reading

First-time buyers flying through the Prime London property market

First-time buyers are almost neck-and-neck with investors in the Prime London property market, according to estate agent Marsh & Parsons’ latest London Property Monitor. 

While investors continue to account for the majority of house purchases made across Prime London, this margin has narrowed significantly after a huge spike in first-time buyer sales in the past three months. Continue reading

Majority of public would back next government borrowing to build more affordable homes

More than half of the English public would support the next government borrowing money to build more affordable homes, according to a recent poll.

The survey, carried out by Ipsos MORI for the Chartered Institute of Housing (CIH), found that 54% of adults in England would support government borrowing to fund more affordable homes for people to buy or rent. Continue reading

Without inheritance children will never own a home?

Research from Shelter has shown that 49% of parents in Britain whose children haven’t bought a home, think the only way they will be able to do so is with inheritance from them.

Many parents feel high house prices and a lack of affordable homes are leaving their children priced out. And the latest government figures suggest they are right to be concerned, with homeownership levels having collapsed among young adults in the last decade. Continue reading

Landlords predict rent rises to tail off

After a recent spurt of rent growth, landlords anticipate that rent rises will taper off over the next twelve months, according to a sentiment survey of more than 1,200 landlords conducted by Your Move and Reeds Rains.

On average UK landlords anticipate that rents will increase by 1.7% in the coming year, a sharp slowdown from the current rate of annual rent growth to a steadier trajectory. According to the latest Buy-to-Let Index from Your Move and Reeds Rains, average residential rents across the UK climbed 3.7% in the year to March 2015, the fastest pace for two years. Continue reading