The current climate of renting versus owning property is in a huge state of flux at present.
Savills have sent out a great assessment of the current reduction in owner-occupation levels. Do contact them if you would like to be Emailed a PDF copy of the report.
This is great for buy to let property investors, as it will mean increased people wishing to rent. however, at the same time there will be more properties on the rental market.
Their key
findings are:
|
|
Although most
households are still owner-occupiers, the number of them has actually been
falling in recent years. They were 71% of all households in 2003 but 68% in
2008. |
|
|
The main reason behind this
move away from owner-occupation was an increase in private sector renting at the
expense of owner occupiers buying with a mortgage. They expect the rates of
owner-occupation will continue to fall before stabilising at lower levels within
the decade. |
|
|
Only 37% of all
households are buying with a mortgage which means that 46% of owner occupied
households own outright, with no mortgage. Owner-occupation is increasingly
dominated by those with equity in their property rather than borrowing.
|
|
|
The private rented sector has been expanding at an
unprecedented rate since 1988, growing by an average annual rate of 3% per
annum. By 2008, 14% of all English homes were privately rented (compared with 7%
in 1989). |
The property sector is ever changing, as with all investment sectors, but over time it will recover. Getting into property remains a high priority for me, and now is a perfect time to invest. Just waiting for my equity to be released to invest in another!
More news soon!
KR
Alison
Dr Alison Grimston
Financial Freedom for Doctors Ltd is UK & Wales registered Company.
Registered Office: Wellingham Vane, Wellingham Lane, Ringmer, Lewes, East Sussex BN8 5SN
Company Reg N°: 6470674
Dr Alison Grimston is a holistic doctor who works with complementary therapies and nutritional supplements. She only recommends the best, pharmaceutical grade nutritional supplements, such as those on www.holisticdoctor.usana.com.
The content, projections, figures and indications contained in this website are based on opinion and cannot be relied upon when making investment decisions. As with any investment, property values can fall as well as rise.
Financial Freedom for Doctors Ltd gives this information as a guide only and this can not be considered as financial advice in any way. Please refer to your independent financial advisor who is qualified to give you complete advice based on your circumstances. The author, Dr Alison Grimston, is not qualified to give mortgage, legal or financial advice.
Please seek legal and financial advice from a qualified advisor before making commitments. Neither the author nor ‘Financial Freedom for Doctors Ltd’ accept liability for decisions made based on the content of this document.
buying investment property
It is a great feeling to become owner of something like in this become owner on the real estate. It depends on how you handle it and plan on it to gain big income out of it.
Posted by: Lexzylun Alex | July 08, 2011 at 08:37 AM