Property Investors Weekly News: 14/03/2022
This week we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
Rental market now ‘in full swing’ after strong recovery from pandemic low
New data released by Octane Capital shows that rental stock has fell significantly because of covid restrictions having been lifted. As a result of this the rental market now seems to be on the mend. There are now only 64,839 available rental properties across 21 major UK cities. At the end of 2020 there was 171,000 available rentals.
Jonathan Samuels, the CEO of Octane Capital has said, “The rental market revival is in full swing”.
https://www.cityam.com/rental-market-now-in-full-swing-after-strong-recovery-from-pandemic-low/
How satisfied are tenants with renting?
The Social Market Foundation (SMF) have conducted a survey which shows that 85% of renters are satisfied with their landlord.
Most landlords do provide good quality homes. There are of course some landlords who care more about money than providing homes of a high standard for their tenants and they need to be challenged. There are far more good landlords than slum landlords.
https://www.mortgageintroducer.com/how-satisfied-are-tenants-with-renting/
Housing market remains resilient ahead of predicted Bank of England rate rise
This week the Bank of England is expected to raise interest rates for the third time in three months with an increase of 0.75%. The indicators from the property market remain positive.
Have a great day and we look forward to working with you.
