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"Departmental figures show that the vast majority of new housing in the UK since the turn of the millennium has been bought by landlords. Between 2000 and 2012, the private rented sector has accounted for some 2.5 million of the extra homes. Only 400,000 have been bought by occupiers."
http://www.thetimes.co.uk/tto/life/property/article4311161.e ce?shareToken=15b2410d946d0a35bf4bb875d204d1d6
One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.
Buy to let is massive, where I work out if approx 1000 apartments at least 70% are rentals...
Perhaps it is time to recognise that the property-owning democracy dream is fading, and to address the lack of protection/tenancy rights currently afforded to tenants in the UK. Germany is usually mentioned at this point ....Originally Posted by Ray Mears wrote on Sun, 04 January 2015 12:32
I agree thought that tenancy rights are an issue, I actually think a healthy rental market is really beneficial to both the economy and people's ability to live in a home that best suits their needs.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.
I'm not sure why you think rents would be reduced? The competition to buy from a shortage of housing stock is still very much present, but is just skewed heavily in favour of landlords. Have I missed something?One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.
If there is more rental accommodation available, then you would expect lower rents than if there were fewer rental units available.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.In the meantime the buy-to-let market is benefiting from some serious advantages over the buy-to-occupy market. Interest free mortgages, offsetting mortgage interest against tax for example - available to the landlord, but not the owner occupier. This inevitably skews the market and pushes both rental and purchase prices skyward.
Simple - why not vote for the political party that only allows 1 house ownership per person - and out right bans any company from stock piling houses - by taxing them out of existence.
If such a policy was what the people wanted then there will be a political party about to announce this - surely
Labour are going to Cap the rents ( I hope ) so poorer folk who can't get a mortgage, are not robbed blind ,whilst landlords get richerOne interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.
These landlords who rob people blind, is this your opinion or do you have evidence? The reason I ask is that most landlords' financial affairs are not in the public domain. Typical yields are around 5-6% so it's not the gold plated investment some people like to make out
I'm also interested to hear how labour plan to cap rents?
Interest free mortgages? Charging interest against tax? Tax is charged on profits which is rental income less rental expense - as it should be.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.
Germany doesn't really gave a homebuyer market with most Germans renting. The rental market is very strong and provides great flexibility allowing the younger generation to move around freelyOne interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.
You scare me feedback.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.
Why? The German market is very fluid. When at university my german colleagues couldn't understand the fixation with wanting to buy and be tied down.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.In the meantime the buy-to-let market is benefiting from some serious advantages over the buy-to-occupy market. Interest free mortgages, offsetting mortgage interest against tax for example - available to the landlord, but not the owner occupier. This inevitably skews the market and pushes both rental and purchase prices skyward.
That said, it does have fairly robust tenancy rights - something I feel we are going to have to re-introduce in the UK.One interesting thing about the housing market is that house building is usually higher in areas where there are generally more people renting. It's important to note that in terms of affordability just building homes is the best thing that you can do.No question that just building homes is the answer - but it isn't going to happen in the short/medium term.
Thatcher the Milk Snatcher knew exactly what she was doing, her 'boys' were already primed for a piece of the action
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