Monthly Archives: February 2014

Make sure you have a good locksmiths number.

lock9It is very important and helpful to note down in the first position that the task of locksmith must never be measured as a rough and ready task. For the business people, it can be gorgeous to try doing the job of locksmith themselves, but this generally finishes up in random moves that can also damage the possessions. Providing the job to the expert locksmith is absolutely a superior idea. A lot of locksmiths say, trying to break into your home or car yourself might prove useless and luxurious as superior damage may effect, and you finish up spending extra money than providing the job to an expert San jose locksmith in the initial place.

 

Hiring a service of locksmith is very imperative at the time you wish to replace the key of your office or home, exit and enter a definite quarter, put in the new lock, or also having your accessible locks serviced and checked. Although you wouldn’t essentially need the services of the locksmith daily, a wonderful suggestion is that you have an applicant ready in the mind thus you can call a consistent service of locksmith immediately at the time different type of requirement take place.

Is Britain Becoming a Nation of Renters?

For a number of years now, Britain has become more a nation of renters than ever before, and it’s thought this trend will continue in 2014 with the private rented sector (PRS) growing larger as time goes by. Many in the business, namely letting agents and the like, believe the UK is fast on its way to being one of the countries in Northern Europe where rental properties will be more and more in demand although there’s still a way to go before the country catches up with Germany or Switzerland.

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Signing a rental agreement is a common event these days

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People Choosing to Rent has Soared by 89% in the last 10 years

People are favouring rental properties due to the fact they find it hard to save enough money to put down a deposit on a first home in order to get a foothold on the property ladder. This has seen the number of rental properties rise dramatically over the last ten or so years. Figures show the number of tenants has virtually doubled since 2001 across both England and Wales with some regions of the country becoming what is being termed “rental hotspots”. This confirms that Britain is indeed on its way to becoming a nation where people rent properties rather than owning a home of their own, whether out of choice or because they haven’t got enough money for a deposit.

According to figures out from the PRS, rented properties account for 15% of all properties in the UK and this figure is expected to grow during the course of the next 12 months. A contributing factor is the availability of buy-to-let mortgages which landlords are able to secure with a view to investing in this growing sector. Over the last few years, this has proved to be a very effective way of enhancing an investment portfolio. People see this as a way to earn rental income whilst at the same time they have the capital gains.

It is a trend that was last witnessed before the financial crash of 2008 only today more first time investors than ever are getting in on the act knowing the sector is expected to grow even stronger in the coming months.

 

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A great selection of rental properties in “hot spots” around the country

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Buy-to-Let Predicted to Grow From Strength to Strength

Many estate agents are predicting buy-to-let will become a more attractive investment option especially where smaller investors are concerned. This is due to the fact it enhances and diversifies their savings and pension portfolios. With this said there’s been a noticeable drop in “accidental” landlords who have preferred to sell their properties rather than count on a rental income from them.

Renting is Considered by Many to Offer Value for Money

However, although media reports state the increase in rental properties has been dramatic, this needs to be tempered with the fact that many people find renting a property provides them with real value for money. The reason being they don’t have to shell out for property repairs which are paid for by landlords. Rental properties also tend to be well maintained and managed these days which makes it a more attractive option all round.

More “Hotspot” Areas than in Previous Years

Back in 2001, England and Wales boasted just eight “hotspot” areas. However, ten years further down the line, this figure had increased to a massive 51 areas around the country and has become known as the “Generation Rent”. The increase was seen by many as a result of people not being able to find deposits to put down on a property but this was paired to the fact that people about to retire or who had retired, chose to release capital from their homes to fund their later lives and the care they might need.

 

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Getting a foot on the property ladder is harder than ever so people opt to rent instead

Image source: http://farm6.staticflickr.com/5019/5514542574_bdda51fb0e.jpg

Areas Apart From London Are Now Hotspot Rental Areas

In the past, London has traditionally been one area of the country where rental properties were very much in demand. This was mainly due to the spiralling cost of houses in the capital. These days other regions which includes the South, North and East, have all become hotspots with very few areas in England and Wales where you can find any rental properties on the market.

With this said, a lot of hotspots around the country are in university towns as well as the more important business hubs. There are some strange areas too though, which includes places like Hastings, Eastbourne and Torquay. Other popular places where the number of rental properties has increased are Liverpool, Blackpool and Salford all of which are in the North West of the country. In the Midlands, towns like Nottingham and Leicester have witnessed an increase in people renting properties too with Oxford and Reading in the South East now being considered as hotspots too.

Home Ownership Predicted to Remain Constant

When it comes to home ownership, housing experts predict this will remain pretty constant but with more people having difficulty in raising enough money to put down as a deposit on a house, renting will be the only option for many. The experts also predicted that England and Wales would become more in line with other Northern European countries although there’s still quite a difference in the country’s rental sector as compared with countries like Switzerland and Germany.

Home ownership, it is thought will account for around 60 to 70 per cent of the property market although the demand for rental properties will increase and in particular where the younger generation are concerned. Long-term rentals are more common these days as more youngsters attempt to save enough money for a deposit on a first home. When it comes to the older generation, people are still looking to release capital from their properties to fund care and create a pension income for themselves so they can fund their retirement years a trend that’s set to continue in the months or maybe even years to come.

 

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