Chang­ing mar­ket as the rental sec­tor in­creases

Macclesfield Express - - HOMES -

WITH in­ter­est in the re­gion’s buy-to-let mar­ket show­ing no signs of abat­ing, Gas­coigne Hal­man was in­ter­ested in a re­cent re­port by mort­gage lender Paragon high­light­ing that an army of two mil­lion pri­vate land­lords own and rent out five mil­lion prop­er­ties across the UK.

This means 18 per cent of all house­holds now rent from pri­vate land­lords and the pro­por­tion is grow­ing as in­vestors con­tinue to see prop­erty as a source of fu­ture in­come and profit.

This, along with other statis­tics about an in­creas­ingly popular form of in­vest­ment, pro­vides the lat­est pic­ture of the UK’s chang­ing mar­ket as more and more peo­ple choose to rent.

The num­ber of prop­er­ties owned via buy-to-let has almost dou­bled in the pe­riod be­tween 1996 and to­day and it is es­ti­mated the prop­er­ties are worth a to­tal of £1 tril­lion.

The gov­ern­ment’s own fig­ures in­di­cate that by 2032, more than one in three prop­er­ties will be owned by pri­vate land­lords.

Gas­coigne Hal­man is ac­tively in­volved in the buy-to-let mar­ket and re­cently hosted a free land­lord and in­vestor sem­i­nar at the Best Western Cresta Court Ho­tel in Al­trin­cham.

This was the third such sem­i­nar hosted by the es­tate agent this year.

As with the other sem­i­nars, the event was a sell-out, at­tract­ing more than 130 del­e­gates, tes­ti­mony to the level of in­ter­est in this boom­ing sec­tor.

Aimed at new and ex­ist­ing land­lords, the sem­i­nars gave in­di­vid­u­als ad­vice on ef­fec­tive ways to ap­proach the let­tings mar­ket, how to raise cap­i­tal for prop­erty and cap­i­tal­is­ing on in­vest­ment in or­der to make the most of be­ing a land­lord.

Gas­coigne Hal­man also pro­vided top tips for suc­cess, as well as pro­vid­ing data on the lat­est mar­ket trends.

Philip Chad­wick, who heads up Gas­coigne Hal­man’s res­i­den­tial let­ting and man­age­ment di­vi­sion, was the key­note speaker.

He was joined by

“Add to this the fact that many peo­ple are still un­able to get on to the prop­erty lad­der and re­cent news that in­ter­est rates will con­tinue to re­main low un­til the end of 2015, I ex­pect rental de­mand to con­tinue to steadily in­crease.”

Mike Fris­bee

●● Philip Chad­wick, let­tings di­rec­tor, Gas­coigne Hal­man.

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