15:49 PM, 17th March 2015, About 7 years ago 51
The new rules that come into force regarding the ability to release cash from pension funds will have a huge effect on the BTL market. A rush of first time novice investors wanting buy up anything within budget will push prices up even higher and certain sectors ie flips, will be even harder to come by. It will also affect rents as you could find these decline as competition increases.
My local auction told me today they have seen a 78% increase in interest over the past 2 months and this was borne out at my latest auction where there were double the number of usual viewers.
My biggest worry is the number of Charlatons who will enter the market and offer services from sourcing properties to finance and the way the emails have already started to come through suggests the sharks are gathering.
Finally in my rant….leave it 18 months and this will be another PPI scandal and within 5 years there will be a flood of properties back on the market from failed landlords with the corresponding price falls.
Tricky times ahead?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|