Property News Round-up 8/6/16

Property News All The Latest Updates

 

Hi guys and welcome to another property news round-up this week we start off by focusing on the EU referendum and look at whether house prices will go down if we have a Brexit vote. We end our round-up in France for the Euros and take a look at the winners and losers of the tournament if it was based on property. Missed our last property news round-up? If so, catch up here.

 

Will Property Prices Go Down If There’s Brexit?

Property News Brexit

With less than three weeks to go until we cast our votes at our local polling stations on whether we should leave or stay in the European Union, one question that stands out in the property industry is whether property prices will go down if we leave.

So will it? Well, not exactly. Recent stats from National Statistics indicate that house prices are still rising fast. They increased at a rate of 9 per cent a year in the year to March 2016.Prices are predicted to increase by roughly a further 10 per cent by the end of 2018.

In addition the treasury have mentioned that the Brexit would bring about an increase in the general cost of borrowing across the economy. This, in turn, would crush demand for housing and lead to fewer transactions. (The Independent, June 2016). This would therefore have a negative effect on price growth. Some analysts have even said that leaving the EU would also have a negative effect on foreign investment – this causes problems for the top end of property investments in London and the ramifications would lead to reduced investments.

But we all want cheaper homes right? Some have argued that we should welcome lower prices because that will help make homes more affordable, especially for first time buyers. Pro-Brexit Tory Lead of the House of Commons Chris Grayling, has tried to expand on this topic, and mentioned that staying in Europe will make it even harder for young people to buy a house due to immigration from the Continent which, he claims, is driving up domestic demand for housing (as mentioned in a recent article by The Independent).

 

London Property : Prices Rise 432% In Two Decades

Property News London Property

Property prices per square metre have risen by 432 per cent in Greater London over the past two decades. This compares to a national average increase of 251 per cent, or £2,216 per square mile according to data that was conducted by Halifax.

In addition, Land Registry data indicates Greater London has gone past the £600,000 milestone for the first time.

Moreover, property investment firm London Central Portfolio [LCP] have said that this new London average price (£600,076 to be precise) is 14 per cent higher than a year ago. This has been linked to low mortgage rates and the falling cost of stamp duty on properties costing less than £937,000.

 

Survey Claims Student BTL Investment Due For Major Expansion

Property News - HMO

Research from Mistoria Group found that one in 10 student property landlords say their HMOs enable them to offset the new tax rules and remain profitable, while a further 50 per cent do not believe any other asset class offers the same yields and return on investment as student property. (Letting Agent Today, June 2016)

The Mistoria Group’s report which was based on a survey of 500 landlords last month – reveals that 35 per cent of student landlords purchased HMO properties in the first quarter of this year to beat the new stamp duty rise, moreover, a further 43 per cent of landlords plan to acquire between two and three new student properties in the next 18 months.

Student accommodation has been the strongest growing investment property market in the UK and the north west has attracted many investors. For example, a HMO that houses four students, can be purchased for just £160,000.

Want know more about HMOs? Check out our handy infographic.

 

The North-West Has UK’s Highest Property Yields

Property News North West

According to research from LendInvest, the north-west of England produces the best average rental yields over the past five years. In addition, it is estimated that investors could achieve yields some 200% higher with property outside of the capital.

Manchester and Liverpool were top with regards to yields, Manchester producing yields of 6.02% whilst Liverpool saw yields of 5.15% respectively.

Manchester has Europe’s largest student population and a graduation retention rate of 58%, demand for rental accommodation within the northern city continues to outpace supply and continues to attract a wealth of investors.

Interested in the Northern Powerhouse city? Check out our Manchester guides for more info, (North and Central).

 

Euro 16 : Winners & Losers Of The Property Championship

Property News - Euro 16

Property prices have changed a lot since the last the Euros in Poland and Ukraine.

Just like the property market in England, in Europe there is also a north-south divide.

Turkey, Iceland, Sweden, and Ireland had the biggest rises, though not all for the same reasons.

The Turks win the property championship with a 65.6% increase, Istanbul has helped The Crescent Stars in the tournament as there is burgeoning young population who are new to housing investment and eager to buy in the city that stretches across two continents.

Other successful nations such as the Republic of Ireland, benefited from a booming economy, with GDP expanding 7.8% in 2015 thanks to huge capital investments from abroad. Moving further north, Iceland has enjoyed a nice recovery since the 2008 financial crisis, with demand for high-end properties since 2013.

The Swede’s property boom was down to negative interest rates, many in the Scandinavian country are concerned that high household debt and low-interest rates could lead to a crash.

The home nations also saw property prices increase. As mentioned previously about London property, The average house price in the capital passed £600,000 mark.

Host nation France and one of the favourites to win the tournament, has experienced negative property price growth between 2012 and 2016. This could be inferred to a decrease in household income and stricter mortgage conditions.

See how other European countries did at the Euro 16 property championship below.

Property News Euro 16 Property

Image Source : Yahoo

 

What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

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The EU Referendum & The Property Market: What We (Don’t) Know

It seems that everywhere you turn at the moment, someone is talking about the EU referendum. Feelings are running high on both sides, and yet it feels like there’s very little in the way of straight-up, unspun facts.

We’ve set out on a quest to try and pin down some objective answers. After all, there’s an awful lot of discussion of how a potential exit from Europe will affect the property market. So, we thought it only right that we should try and clear things up for you guys.

However, with our crystal ball sadly out of order, we’re sorry to say that we’re none the wiser. Turns out, no one really knows for sure what will happen if we leave Europe, nor even how things are likely to go if we stay. That’s not to say a little guesswork couldn’t be beneficial… Frazer has offered a ‘Referendum Martini’ to the person with the most accurate prediction when we review the impact of the referendum in twelve months’ time.

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So, how do you like yours? Shaken, not stirred? On the rocks? We’re afraid straight-up seems to be off the menu right now.

A poll back in November by Greenberg Quinlan Rosner identified Founder of MoneySavingExpert, Martin Lewis, as the most trusted voice in the EU debate. So, let’s see what he has to say.

The-EU-Referendum

Gee, thanks for that, Martin.

Martin also added that “anybody who tells you that they know what will happen if we leave is a liar”. Of course, he’s right. No one really knows what’ll happen if we leave. Either that, or it’s being kept very, very quiet because there are dragons involved.

The EU Referendum

 

Dragons or no dragons, one thing’s for certain: on 23rd June, we’re expected to queue up at the polling station to cast our vote in the national equivalent of a “Guess how much this pig weighs” competition at the village fair.

Whatever your own, personal views may be, we’re sitting firmly on the fence with this one. Frazer himself sighed heavily when we announced our intention to write this article. Nonetheless, we still want to give you, our investors, a bit of a rundown on how the referendum may or may not affect the property market here in the UK. We’re basing this purely on the information that’s out there already (trust us when we say that, whilst writing this, we have three browser windows open, with a total of eighteen tabs between them, plus a notebook full of confusing stats and quotes), so just to drill the point home: we have no interest in swaying your vote either way.

With that in mind, probably the best way of doing this is to tackle each side of the debate in turn. Are you sitting comfortably?

Bremain: The ‘Stay’ Camp

The Prime Minister and Chancellor are, as we all know, rooting for Remain, marking an elaborate about-turn on what Cameron had to say about the EU back in 2009, before he was elected Prime Minister. This may, or may not, have something to do with TTIP, another thing that may, or may not, be good for Britain. But, of course, there’s plenty of talk of deception from both camps, with even Bremainers suspicious about Cameron’s motives for switching sides.

quote-brexit-1

Whatever the motives, George Osborne has come out with a damning indictment of what he reckons will happen to the property market in the event of a Brexit. The Chancellor predicts a house price crash, which would leave homeowners in negative equity and being forced to sell at a loss, and property investors seeing a slump in the value of their asset. He has also stated that the cost of mortgage products would rise, so even those seeing the opportunity in a crash to get on the property ladder would not benefit. Even with lower housing prices, if mortgage prices go up, people wouldn’t necessarily be able to afford to buy anyway. He predicts that, within the fifteen years following a Brexit, households would be £4,300 worse off.

Whilst the general consensus is that Brexit could cause a drop in property prices, Robert Gardner, chief economist at Nationwide, believes that other factors could keep those prices buoyant:

“It is possible that the recent pattern of strong employment growth, rising real earnings, low borrowing costs and constrained supply will tilt the demand/supply balance in favour of sellers and exert upward pressure on price growth.”

This view, of course, supposes that those factors will remain constant in the event of a Brexit, which – again – is not entirely certain. Perhaps we should ask Martin Lewis again…

The-EU-Referendum

Brexit Clauses and The Fate of Sterling

It’s interesting to note that the most recent reports that support for Remain has dropped appears to have caused an immediate plunge in the value of sterling against the dollar. Could it be that the very idea of us leaving the EU is having a negative effect on our economy?

A survey by accountancy firm KPMG has found that 66% of real estate experts believe that “Britain leaving the EU would have a negative impact on inbound cross-border investment”, with fewer overseas investors being prepared to invest whilst the fate of sterling is so shaky.

Reuters conducted a survey of 24 law firms, and found that a solid half of these had used special ‘Brexit’ clauses, had at least one request for such a clause, or brokered a deal with one. The rest said they’d seen one, though not dealt with one directly.

brexit-quote-2

So, what is a so-called ‘Brexit’ clause? Well, they’re currently all the rage, it seems, particularly in high value investments and with overseas investments, who are concerned that an ‘Out’ vote could weaken the sterling. Such a clause is being added to contracts, giving buyers the right to walk away from real estate deals in the event of a ‘Brexit’ vote.

Paul Firth, of law firm Irwin Mitchell LLP, has stated that “Investors fear that the value and return on investment properties may decline, and may not be as good an investment if Britain withdraws from the EU”.

Buyers investing in the swanky new Two Fifty One luxury apartment tower in up-and-coming Elephant and Castle are doing so on the understanding that they do not have to exchange until July 6th, and could withdraw their offer with a full refund of their deposit if they are unhappy with the outcome of the referendum.

However, whilst such a clause does sound particularly damning in terms of general opinion of Brexit, admittedly it’s mostly just good marketing, a way to try and unfreeze a sector that’s currently being stalled by uncertainty ahead of the vote. Both buyers and sellers are waiting to see the outcome, which can be seen in the commercial property sector in particular, where transactions have fallen a steep 40% in the first quarter of 2016.

Brexit: The ‘Leave’ Camp

Let’s start with George Osborne. This ‘households worse off by £4,300’ figure of Osborne’s has attracted some scrutiny. Sceptics point out that with this statement Osborne is conflating GDP with household income, a phrase that has never been used in any budget to date. In fact, Osborne said himself, when entering office, that “GDP per capita is a much better indicator”. He even went as far as to say that GDP is a misleading indicator that can be artificially inflated by immigration. Interestingly, he’s made no mention of GDP per capita at all upon the launch of the latest ‘Brexit’ documents published by the Treasury.

Going back to Osborne’s statement about Brexit’s effect on lowering house prices, there is a similar potential disadvantage to remaining in the EU with regard to the same. It could be that staying in the EU makes it even harder to get on the property ladder than those proposed hikes in mortgage prices. If there is a surge in immigration to the UK following a Bremain vote, domestic demand may keep house prices rising.

And speaking of immigration, yes, with a ‘Brexit’ vote, there is the chance of EU nationals losing their right to live and work in the UK. However, this assumes that a post-Brexit UK government would immediately seek to cleanse the country of EU citizens. It’s something a lot of Bremainers are very worried about happening, and understandably so. Are you worried about this, Martin Lewis?

The-EU-Referendum

But it’s worth asking why the government would do such a thing? It’s most likely that EU nationals earning over a certain amount, and contributing to the UK’s economy, will find it no harder to live here than they do at present. Those who would have to worry are likely to be EU citizens in the UK in low-paid jobs, or who are unemployed. And, speaking purely on the subject of the property industry, it’s not these guys who are going to be buying here anyway.

Let’s look at the prime housing market in London, where, according to a study by Knight Frank, in 2013, for example, 49% of all prime central London buyers were non-British citizens, while 28% didn’t even live in the UK. It’s hard to say if the EU played any role whatsoever in attracting the super-wealthy to London, perhaps not a big one, seeing as only 16.5% of these buyers were from other EU countries.

Some owners in this category would, indeed, sell up and leave the country in the event of a Brexit vote, most likely as a result of institutions like the European Bank for Reconstruction and Development upping sticks and taking staff with them. But the main body won’t be forced to leave, nor, indeed, even want to if we leave the EU. And, what’s more, the bulk of serious money in this area comes from the 9% made up of Russians, and 7.5% of wealthy Middle Easterns, to whom the EU matters not a jot.

brexit-quote-3

That being said, it’s not just the super-wealthy from overseas who favour the UK. Whilst these overseas investors may be attracted to our rising property prices, they also love the UK’s greatest cities for their vibrant culture, relative political and economic stability, relatively honest legal system, and its favourable rules for non-doms. In short, in London at least, the effect of Brexit is unlikely to be too catastrophic. Winkworth’s Dominic Agace concurs:

“The UK and London in particular has always had a draw for foreign investment, not only from Europe, but much further afield, and I would expect this to continue whatever the outcome, especially as people come for many reasons, including schools and the lifestyle.”

Further to all this hoo-hah about property prices plummeting, the Brexit camp would point out that, despite the slowdown in the wider economy, house prices in the UK are still climbing fast. In the year to March 2016, a 9% rise was reported by the Office for National Statistics. Projections also show that prices will continue to rise, roughly by a further 10% by the end of 2018 (according to the Office for Budget Responsibility itself!). So, if we use the Treasury’s own figures, that prices will be 10% lower than they would otherwise be by 2018, surely that implies prices would just be flat on today’s cash terms?

Finally, despite Osborne’s fears that not only house prices would plummet, but that mortgage rates would rise, the Brexit camp is optimistic. Due to immigration from the continent in the event of a Bremain vote, the young people who are currently finding it hard to get on the property ladder would find it even harder, they argue.

Conclusion

To conclude, despite what sounds like good arguments on both sides of the debate, there remain no tangible facts to go on with. Pick your side, and hope for the best. And stay tuned for any news as to who’s going to get their hands on that ‘Referendum Martini’ from Frazer…

Who do you think will win that Martini, Martin Lewis?

The-EU-Referendum

 

 

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Property News Round-up 20/4/16

Property News All The Latest Updates

Hi guys and welcome to another fortnightly property news round-up, today we once again take a look at the latest goings-on in UK property from looking at why Manchester is a city for Generation Y to looking at how commuters can save £3,000. If you missed our previous property round-up, catch up here.

 

Manchester Is A Generation Y City

Manchester

Manchester is rapidly becoming a place where young people migrate to for work and also to study. 22% of the city’s population are Millennials (aka Generation Y), which is more than four times the national average.

Due to an increase in young people, there is now an emphasis for build to rent property investment in Manchester. So what exactly is attracting Generation Y to live in the city?

According to the Complete University Guide, “Manchester is a thriving, prosperous northern hub and considers itself the commercial and cultural capital of the north of England. The city is also probably the most fashionable student location in Britain.” (Select Property Group, April 2016)

Manchester is also known for its universities and is synonymous with higher education. Moreover, over 50% of graduates stay in the city and around 20,000 are enter the job market in Manchester each year. Since Manchester is the country’s second largest economy, Manchester is one of the biggest regional employers.

In addition, with thousands of graduates looking for work, they also need to somewhere to stay and the city attracts Generation Y as accommodation costs are significantly lower compared with London prices. Latest figures from the Expatistan Cost of Living Index show that everyday amenities in the north-west are 37% cheaper than inside the M25.

A graduate living in Manchester would pay around £700-800 a month for rent, in the capital, they would pay over three times the amount for a rented property.

Millennial’s fast paced lifestyle and the need for everything in an instant makes the likes of buy to rent a perfect solution in the city. This also makes the city a great place to invest, not only because of its large millennial population but also being at the forefront of the Northern Powerhouse.

Want to know more about the city? If so, why not check out our free guides (North and Central).

 

Housing Market ‘To Cool’ As BTL Rush Dies & Brexit worries Increase

UK Property

The UK’s housing market is set for a slowdown as the buy-to-let rush of the first three months of the year dies away, according to the Royal Institution of Chartered Surveyors. (Telegraph, April, 2016)

A lot of confidence with regards to the UK property market has fallen due to uncertainties that surround the Brexit vote, stamp duty charges, a weaker pound, plus the devolved elections in May.

Despite these political uncertainties, in the long term, the imbalance between demand and supply will still exert a strong influence on the market, with house prices expected to rise by close to 25pc over the next five years as Simon Rubinsohn (chief economist at Rics) mentions in a recent Telegraph article.

Halifax recently reported that confidence in the housing market was at its lowest in more than a year and its housing market confidence tracker indicates that 65% of the general public believe that the average UK property prices will be higher rather than lower in 12 months’ time.

 

Railway Stations ‘Will Deliver Thousands Of Jobs & Homes’

Railway Stations UK

 

Thousands of jobs and homes are set to be created on what has been dubbed “the biggest programme of rail improvements since the Victorian age”, the government has stated.

Up to 10,000 new homes could be built across the country as part of new railway development scheme. York, Taunton and Swindon councils have already looked at proposed sites that could used for new builds.

Communities Secretary Greg Clark recently mentioned that : “With record numbers of people travelling by train, it makes sense to bring people closer to stations and develop sites that have space for thousands of new homes and offices.” (Yorkshire Post, April 2016)

He also mentioned that railway stations are hub for local communities, connectivity, and commerce and we should be making the most out of their unique potential to attract investment.

 

More Affordable Homes Needed According To Manchester Businesses

House Buyers UK

From millennials in Manchester to looking at local business views on property.

A recent survey which was conducted by Housing The Powerhouse revealed that the majority of Greater Manchester businesses see building more family and affordable homes as a priority.

Greater Manchester Chamber of Commerce’s Steve Burne told Manchester Evening News that : “Over the past few weeks we’ve seen concerns raised about transport links for the Northern Powerhouse – but the provision of suitable housing is equally as important.”

He stressed that the city is witnessing a boom in business across the city but a focus is needed on providing homes for families. The northern powerhouse needs to cater for families otherwise there will be a major set-back and could see this workforce disappearing down the M56, M6 and M62.

Matthew Good of the Home Builders Federation and member of the Housing the Powerhouse coalition told MEN : “These results show us that the provision of family and affordable housing in the region is already a real issue for businesses.”

The survey results have an eye-opener, and a result, as Matthew explains, the likes of the Housing the Powerhouse coalition are making the case for local councils to take this once in a generation opportunity to set ambitious targets for the mix of homes that the engine room of the Northern Powerhouse desperately needs.

 

Commuters Save £3,000 On Property Each Minute They Are Further Out Of London

UK Trains

House prices in the London commuter belt fall by more than £3,000 for every minute further away the property is by train from the capital, research has found. (The Guardian, April 2016)

Savills conducted research property prices around 314 stations in places surrounding the capital on direct commuter lines into the city.

They found that average property prices within half an hour’s train ride from the capital were £458,000, compared with £606,000 in inner London.

Moreover, Land Registry data revealed the cost of housing fell sharply to £337,000 for journeys of one hour to 69 minutes, with the saving averaging £3,048 per minute!

However, the research also show that the correlation between distance and price is uneven. For example, an average property in Oxford costs £730,000 for a 57-minute commute. In contrast, an average property in Welwyn Garden City costs 430,000 and takes 21 minutes to reach the capital by train.

Families moving to areas outside of the capital have had to factor in journey times, house prices, quality of life and the high cost of commuting in and out of London, Sophie Chick, who led the research for Savills said savings on house prices usually outweighed the increased travel costs. Read more on the story here.

Image source : The Guardian

 

What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

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Property News Round-up 24/2/16

Property News All The Latest Updates

Hi guys and welcome to another fortnightly edition of our property news round-up. As usual we will be looking at the latest goings-on in the property market from looking at what would a Brexit mean for UK property to looking at Robbie Fowler aka “King of the terraces” and how he got into investing into property.

What A Brexit Means For The UK Property Market

Brexit Property

One of the biggest talking points at the moment is about leaving/staying in Europe and as we know in June we will be going to the ballot boxes to cast our votes.

There are so many questions around this topic such as what does a post-EU Britain look like? How long would a formal Brexit take? And that there are plenty of uncertainties in the property market.

Many in the property industry have said that if the UK does stay in Europe business will resume quite quickly, it we leave, well that’s when it gets all a bit misty, we will still be stuck with many uncertainties.

To get some idea, it seems that we would have to break down two buyers, the first being a domestic buyer and second, an overseas buyer.

The Brexit might not have such an impact for the domestic buyer as the market is linked to supply and demand and property prices are linked to people’s incomes. It seems that in this country we have still got this demand and supply imbalance, the demand as we know is definitely there and the supply is still fairly limited. Because of this, many analysts and industry experts think it would therefore not have a significant impact if the “leave” voters prevailed in June.

Moving onto the overseas buyer/investor, areas such as London that have a high percentage of overseas buyers, the Brexit may cost London its “safe haven” status (especially with wealthy Europeans) and look to go somewhere else in Europe, it could also put off a lot of investors altogether.

On the flip side, a weaker sterling could attract more investment in London property. As mentioned in the IBT, when sterling plummeted during the financial crisis, the London market boomed because foreign investors flooded in and bought up property in prime central postcodes at relatively cheap prices. (IBT, February, 2016).

Whether we leave or stay, until there is a relative amount of certainty about what’s going on, for now people will likely hold off from participating in the market.

Want to know more about the Brexit? We recommend reading The FT’s article on What are the economic consequences of Brexit?

NEARLY two million younger people have been locked out of the property market since 2001

Millennials Property

A recent stat we stumbled upon this week via The Express was that if ownership rates among 25 to 34-year-olds were the same as 15 years ago, an extra 1.8million of them would own their own homes in England.

As we all know, soaring house prices, stricter lending criteria for mortgages and the difficulty of saving for a deposit are the main barriers for millennials.

A leading think tank recently warned that the current situation is only likely to get worse as the UK faces a shortfall of 1.3 million homes by 2026.

An economist that we applaud, Katie Evans, is calling on the Government to support more innovative ways of helping young people get on to the ladder, such as through crowdfunding.

Are you in the 25-34 age bracket and looking for an alternative? If so, why not take a look at our Property Crowdfunding How It Works page for more info.

Shock study finds a quarter of homes EARN MORE than their owners

 UK Property

We don’t like to be the bearer of bad news, but another headline that grabbed our attention this week was that UK house prices are rising so rapidly that a number of homes now ‘earn’ more than their owners, according to new research.

Halifax found that more than a quarter of local authority districts property value increases have surpassed average earnings and these areas tend to be in London, the South East and East of England.

Martin Ellis, the housing economist at Halifax told The Express that “Clearly, this is good news for some homeowners. However, it does make conditions tougher for those looking to buy their first home in such areas, with prices being pushed increasingly out of range for many young people.” (The Express, February, 2016)

Council tax is cheaper for millionaires in London than those in terraced homes in Liverpool

London Liverpool Council Tax

Multi-millionaires living in one of the most exclusive and expensive parts of London pay the same or even cheaper council tax than those in a terraced street in Liverpool mentions The Liverpool Echo.

City mayor Joe Anderson described the situation as obscene and stresses that there should be a review on how councils are funded.

An example of how obscene the situation is as the Liverpool mayor quite rightly puts it, can be seen via Zoopla. A seven bedroom house in the heart of Westminster which is near to having a £20 million price tag and council tax costing £1,345.48 a year. In Liverpool, a Band B property, an owner would pay £1,256.65 a year.

Anderson has slammed the tax comparison and mentioned that wealthier areas such as central London need less help than disadvantaged cities such as Liverpool which suffers from high levels of deprivation – which places more costs on the local authority.

The mayor also mentioned that “If there was ever an argument to review the funding and stop it from disadvantaging cities like Liverpool you could not get a clearer example.” (Liverpool Echo, February 2015).

Robbie Fowler – The King Of The Terraces!

Robbie Fowler Property

The former Liverpool and City player is giving lessons on how to be successful in the property market. Beginner landlords get free tips on raising cash, spotting the best deals and negotiating.

The 40 year old Kop legend put his career earnings into property and has been named in a list of the UK’s 1,000 richest people, with a fortune of about £28million.

On his property academy site, Fowler mentions “Off the pitch one of my biggest successes has been investing in property”, he also mentions that he gained valuable property advice from people who understand the ins and outs of how the property industry works.

Fowler retired from football in 2012 and now runs his business with his wife. Want to become the next Robbie Fowler in property crowdfunding? Why not check out our latest investments here.

 

What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

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Property values can fall. Your capital may be at risk & returns may vary. Read our Risk Warning

Property News Round-up 27/1/16

Property News  All The Latest Updates

Hi guys and welcome to our fortnightly property news edition, today we look at an array of news items from the Manchester property boom to leaving you with a quiz!

 

Manchester Property Boom Map

Manchester Property Map

Student and property enthusiast Ed Howe has put together an interactive map of Manchester which shows all the projects that are taking place in the city to demonstrate the clusters of development activity.

The Newcastle University student is currently studying for a masters in city planning and hails from the Salford area.

His colour coded map illustrates the areas where proposed buildings have been granted for construction. In addition, the map also highlights masterplan areas and transport schemes.

Howe stated: “I think Manchester is pretty special at the moment, as a city we’re starting to attract a lot of investment and cranes are beginning to bounce up onto the skyline once again, constructing skyline-altering schemes.” (Place North West, January 2016).

The masters degree student also mentions that it can be quite difficult to imagine, or remember, all the various developments and that his map makes the city’s regeneration and property boom accessible to the people who live and work in Manchester.

You can view Ed’s interactive map here and read the rest of Place North West’s article here.

Image Source : Place North West

The North West of England is the most lucrative region in the UK for private rented sector

manchester property

The North West of England is the most lucrative region in the UK for private rented sector landlords with Manchester and Liverpool coming out top for rental yields. (Property Investor News, January 2016)

LendInvest’s recent quarterly report also indicates that Cardiff, Coventry and Oldham come next, followed closely by Sunderland, Blackburn and Durham.

The fintech company’s report which analyses changes in trends in rental yields, capital gains and landlords’ total roi, also shows that London and the South East still championing house price growth.

In the report it shows that all of the top 15 performing postcode areas for capital gains are located in London and surroundings areas. Inner London however, sits in 18th place for rental yields but still comes up on top for capital gains.

LendInvest’s CEO Christian Faes mentioned in Property Investor News that there could be some weakening in Londons’s dominance of capital gains tables if house price growth does soften slightly as forecast, and as new buy to let stamp duty hikes take effect.

 

Buy-To-Let Landlords Storm UK Housing Market

BTL Landlords

A landlord industry body has claimed that there is currently a rush to purchase buy-to-let properties before a stamp duty hike arrives in the Spring.

ARLA’s (The Association of Residential Letting Agents) managing director David Cox stated in This is Money that ‘Buy-to-let landlords are determined to complete purchases before the changes come into force in April are storming the UK housing market, meaning the lull we’d usually see is less significant.

He also mentioned in the This is Money article that with supply, demand and the number of agents reporting rent increases all declining in December, this could well be the calm before the buy-to-let storm.

In addition he also stated that this period of easing in rents could soon end, with new rules cutting the number of properties available to let.

Many in the property industry have mentioned that after April it will be very likely to see the number of buy-to-let properties on the market begin to decrease, and the ramifications will most certainly have a detrimental effect on renters across the UK.

You can read more on the buy-to-let story here.

 

Brexit poses ‘serious threat’ to UK property investment

Brexit Property

A REFERENDUM vote to leave the European Union would pose a serious challenge for the UK property market, according to new research. (Yorkshire Post, January 2016)

A recent poll that was conducted by a group of property experts revealed that 65 per cent, believe that a Brexit would have a negative impact on investment in UK property.

What was particularly interesting to see it that only 10% of those who were surveyed stated that they would consider relocating their business to another EU country if the UK did leave the EU.

As The Yorkshire Post mentions, survey participants also highlighted their concerns about the housing shortage, rising construction costs and the prospect of higher interest rates, in addition to the property industry skills shortage and planning reforms.

A property industry expert stressed that we want certainty, regardless of the in or out EU debate. He uses the Scottish Referendum example of how many occupiers and investors delayed their decision-making due to having uncertainties.

Image Source : Al Jazeera

Quiz Time! What is all the property in the world worth?

 

What is all the property in the world worth?

A $11,000,000,000,000
B $217,000,000,000,000
C $550,000,000,000,000

Poll Maker

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