Balance

The leaders they tried to appease,
With rules that would bring about ease.
But balance, they broke?
And now it’s no joke —
Both tenants and landlords say “Please!”

There are several fairly drastic-sounding changes to legislation being publicly discussed regarding the Private Rental Sector right now. Who knows what will and will not come through. But it is fueling an uncertain time for both Landlords and Tenants alike – causing some rental properties to be removed from the sector to the owner-occupier market, thereby adding some upward pressure on rents as this rental supply is removed. However, in the same way that anything unsustainable can by definition not continue on forever, so to the Private Rental Sector will rebalance – sooner or later. The question is what exactly that new balance will look like…

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Gen Z is getting in on the property action. A study by UHY Hacker Young Accountants reveals over 3,000 UK buy-to-let landlords are now under 21, collectively earning over £66 million in rental income – choosing perhaps to rely on property for their long-term financial security rather than traditional pensions. Despite this growth, the majority of landlords are aged 51-60, with the 65+ age group also expanding. Younger generations increasingly see property investment as a valuable, early financial strategy. Gen Z is typically defined as anyone born between 1997 and 2012 (yes, this year range upset me as well).

Green Shoots for UK Residential Investment. The UK property market is beginning to show signs of recovery after a significant dip, with investment down 25% in the first half of 2024 compared to the 10-year average. A reduction in interest rates and stabilisation of prices have bolstered investor confidence, particularly in London and the living sector.

ATTENTION Property Operators: We want to help you increase your housing stock and save up to 2 thirds per person housed in the process! We have units available NOW at 90 day’s notice for lease for up to 6.5years for use as-is, or lightly modified to suit a C3(b) Supported Living purpose – and other areas may be coming soon. Get in touch here, or get more information here.

New Rental Hotspots Revealed. A detailed analysis by Lomond Lettings highlights emerging rental hotspots in the UK. The report identifies areas outside traditional urban centres that are gaining popularity due to affordability, lifestyle changes and strong demand – suggesting these locations could offer lucrative opportunities for investors looking to diversify their portfolios. Merthyr Tydfil and Brent (London) top the table. Average rent across England and Wales has increased by 8.2%, far outperforming the 2.2% growth in house prices. This underlines the fact that yields are never static – and that regular re-analysis is beneficial.

UTILITY OF THE WEEK (Back to Basics). Flood Check. Not checking the flood data when purchasing a property? You probably should be – as getting this wrong could cost dearly. Don’t forget the basics!

Best Cities for Property Investment Returns Since 2021. According to easyMoney, three UK cities have been identified as top performers for property investment (capital increase) returns since 2021; Sheffield, Bradford and Newcastle. These cities have shown remarkable growth, driven by factors such as regional development, strong rental demand, and relatively affordable property prices compared to larger metropolitan areas.

Surge in Property Alert Service Highlights Fraud Concerns. A rise in the use of property alert services in the UK reflects growing concerns over property fraud. Homeowners and landlords are increasingly subscribing to these services to protect their assets from fraudulent activity, particularly as property transactions become more digitised – heightening the risk of scams. Non-mortgage holders may be at heightened risk. You can register your property in order to keep an eye on it for FREE here.

Who are M2P? Married2Property are a family-run property company that aims to build social good through property.

Royal Family’s Income from Holiday Lets. In unsurprising other news, the Royal Family reportedly earns substantial income from holiday let properties, capitalising on their extensive real estate holdings. These properties, managed as luxury holiday rentals, contribute significantly to the Royal Family’s income, with demand remaining strong due to their historic and prestigious locations.

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Song of the Week: 🎶 One Kiss – Calvin Harris (with Dua Lipa) 🎸

And Finally… By our count, there are 50+ reasonably common potential property defects you could check for – thereby minimising your risk. It may be a pain for some, but when it comes to doing Due Diligence on a Property – just do it…