Buy-to-let boom video interview

[maison_3]

Hi,

Thought you all might be interested in this online video interview I found. It features RICS Chief Economist Milan Khatri outlining the current UK buy-to-let activity, tenant demand and future outlook.

http://w3.cantos.com/cantos/dyn/org.php?o=22500022&s=34000146&CantosSID=667422cca077d022e584e81970ad395c_C

An interesting view for all, looks like buy-to-let is still quite strong. What are your thoughts?

[Andy Start]

It's good when the feeling you get for the housing market is backed up by material as in the link posted.

With house prices only having leveled off at their peak as opposed to the predicted fall, it has become an astute buyers market. Demand to buy is low which makes good purchases easier to come buy. At the height of the cyclical property price rise, people are struggling to finance their first purchase and with the average first time buyer age at 32, demand for rental property is fairly good. I am based in Leeds and am told 10% of people here currently rent.

Because it is a tough time to sell, now is when the best deals can be had. Now is the time to increase the portfolio where ever possible. Yields are not particularly high but house prices are as low as they're going to be until the next real period of rise in a few years time. Hard work now should pay off handsomely in the long-term.

Also, the cantos.com website that is linked is quite useful - good find maison.

[Gerard]

In the UK at the moment the city that has the most bouyant rental market and showing the largest capital appreciation is Birmingham. Birmingham is undergoing a multi billion pound rejuvenation and is packed full with prodessional young people. They are building 2 new hospitals, law courts, business school, new parks etc etc.

The city as we knew it has completely changed. It is the UK's second city with 6 million working and living in and around the city.

One of the most pretigous developments is Holliday Wharf. Check out www.locatebirmingham.com If you have a serious interest we have secured a deal with the developer and currently have 3, 1 bed apts. in the final phase. These are available at below market price and represent a serious saving of upto 12k. The 3 are the last of 30 originally purchased to secure the deal.

Post a reply or e-mail me and I will send more details.