News

2010 Student Accomodation Leeds

January 2010

Now is a very busy time in student accommodation in Leeds and already properties are fast becoming occupied. Don't be fooled by the amount of properties that appear on our website many properties already have lots of interest and in many cases references are been applied for as we speak.

However, we do still have student accomodation available in the following areas of Leeds: -

Hyde Park, Burley, Headingley, Woodhouse, Beeston, Chapel Allerton, Leeds City Centre, Harehills, Kirkstall, and Meanwood.

Buy-to-let lending increased in the third quarter of 2009 - it was ten per cent higher than in the previous three-month period.

November 2009

That is according to the Council of Mortgage Lenders (CML), which said this data represents the first increase in gross lending in the sector for two years.

Lending totalled £2.1 billion in total, while the number of buy-to-let loans advanced grew from 21,600 to 23,700 between the quarters.

The CML's director general Michael Coogan said the figures show that buy-to-let is here to stay.

"Buy-to-let lenders are among those facing some of the biggest challenges in raising mortgage funding, so the improved figures are all the more welcome." he added.

John Heron, managing director of Paragon Mortgages, said the data shows how strong and resilient the buy-to-let market is. He claimed that the sector has proved it can cop in a tough economic period 

Buy to let landlords are now being rewarded

November 2009

Buy to let landlords who have stayed the course over the last eighteen months, as the 'accidental landlord' phenomenon flooded the rental market with homes, are now being rewarded with rising rents and a dramatic reduction in stock levels.

According to the FindaProperty.com October Rental Index, the number of rental properties on the market plunged by 10% between September and October, following a 6% fall the previous month, bringing supply back to the level last seen almost a year ago.

An oversupply of flats has been one of the main factors distorting the rental market over recent months, and October saw a significant correction in flat rental stock which fell by 12%. This is likely to be partly due to a seasonal surge in demand from students and graduates requiring lower-cost rental accommodation.

In addition, a number of agents such as Marsh & Parsons and Townends report that the strengthening sales market, which enjoyed a further 0.7% rise in house prices this month, is now attracting a rush of sellers who have been temporarily renting their properties as they wait for house prices to recover.

Rents climbed by 0.1% this month to £830, continuing the clear trend of recovery since April as competition increases among tenants seeking homes to rent. This increased demand is also reflected in the number of days properties are taking to let, which now stands at just 58 days compared to 71 days at the start of the year.

Michael O'Flynn, Director at FindaProperty.com, said:

"Buy to let landlords have had a tough time over the last eighteen months, but those who have managed to hang on in the rental market, despite a dramatic oversupply of properties, falling rents and rising unemployment among tenants, are now breathing a sigh of relief.

"Despite the fact that the economy remains uncertain and unemployment is still rising, the oversupply of rental properties is correcting itself almost as quickly as it occurred, and as long as the sales market continues to strengthen this clear out of stock is likely to continue. Rents are on a clear road to recovery with six consecutive months of stable or rising prices. Provided the 'double dip' theory of a second fall in sale prices doesn't come to fruition, landlords could be set to enjoy a further recovery in rents over the coming months."