May 26, 2014
Next 12 months a 'critical period; for...
February 04, 2014
Student accommodation continues to set...
The buy to let sector continues to do well for landlords - but student accommodation is setting the benchmark for letting performance.
Despite monthly rents increasing by 2% during 2013, the average buy-to-let yield for a UK landlord sits at 6.1% gross, down 0.1% on 2012. But student accommodation thrashes this figure with sustainable and assured yields of 7 to 9% - net.
Peter McDermott, Director of UK-based Go Global Investments, said: "These latest figures from Countrywide Residential Lettings show that despite 'Generation Rent', where the number of people renting from a landlord has doubled to 8.5 million in 15 years, gross rental yields are sticking around the 6% mark.
January 16, 2014
UK home sales highest for six years,...
The number of UK homes sold per surveyor has more than doubled since the depth of the housing market downturn, a survey suggests.
Just over 21 sales per estate agency branch were recorded in the final three months of 2013, the Royal Institution of Chartered Surveyors (Rics) said.
This was the highest number since March 2008, and up from 9.8 in January 2009.
The survey found surveyors expected prices and sales to keep rising.
December 10, 2013
Carney warns on housing as survey...
Bank of England governor Mark Carney has said he is concerned about the "potential" for a UK housing market bubble, but will tighten lending requirements if necessary.
"There is a history in the housing market of moving from stall speed to warp speed," Mr Carney said. "We want to avoid that."
Meanwhile, a survey suggested house prices will continue "surging ahead".
A separate forecast said borrowing would rise.
Mr Carney was speaking at the Economic Club of New York.
His speech came as the Royal Institution of Chartered Surveyors (Rics) found that more surveyors expected prices to rise than at any time in the last 14 years.
A separate forecast by mortgage lenders predicted that borrowing would keep increasing in 2014.
But the Council of Mortgage Lenders (CML) added an "unbridled" housing boom was "unlikely".
The last time such a clear majority of surveyors expected price rises was in September 1999
November 12, 2013
Strong start for Help to Buy, say lenders
Two major lenders have reported a strong uptake in the first month of the government's extended Help to Buy mortgage guarantee scheme.
Royal Bank of Scotland (RBS) and Halifax said they had received a total of 2,384 applications, potentially worth £365m in mortgages.
The scheme is designed to encourage lenders to offer mortgages with deposits as low as 5%.
But critics are concerned it could help to create a UK housing bubble.
RBS and its subsidiary NatWest, and Halifax - owned by Lloyds Banking Group - are among the few lenders to offer mortgages under the government's extended scheme.