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Angela Bryant · 10-10-2012, 09:25 AM

I love everything about property too (and babies!)

I love that it's such a basic human need - the need for a roof over our heads and a safe place to sleep at night... so recession proof:-)

I also love that it's simply the best and easiest way to wealth.

I read the other day, that the average Briton has around £30,000 in savings by age 65. A pension pot of £50,000 would buy an annuity worth just £2,800 a year; giving you £233 pcm, or £54 per week. £100,000 would get twice as much. Whoop-di-doo!

If you start paying into a pension at age 25, you need to save £91 pcm to have £100k by age 65 in today's terms; assuming 3.5% growth per annum after charges & inflation. If you wait till age 35 to start saving, you need to save £148 pcm. If you delay until 45, you need to save £266 each month.

This will be topped up, as long as you've paid NI, by the state pension at £107.45 per week.

Apparently, annuity rates have gone down 28 times over the past year.

How anyone can get through life without being in property is beyond me!!

Angela

Jayne Owen · 10-10-2012, 02:30 PM

... Putting the finishing touches to a refurbishment.

... Pulling together interiors for furnished properties.

... I am able to work to my own time-table (more or less!).

... It's tangible.

As for the baby/birth thing - yes, I agree, a fabulous feeling. Wouldn't have missed it for the world and love my daughter to bits, but glad that the ratio is 12:1 in favour of property and not the other way around though. Big Grin

Vanessa Warwick · 11-10-2012, 11:37 AM

A perfect example of "Ying" and "Yang" in property today:

House price falls driving up BTL yields

Gross yields rose on all types of buy-to-let property in the third quarter, apart from semi-commercial – for example, flats over shops. Yields on Houses in Multiple Occupation (HMOs) jumped from 9.2% to 11.1%.

According to the latest Mortgages for Business buy-to-let index, the driving factors behind the increase were a combination of falling property prices and high tenant demand.

David Whittaker, managing director of Mortgages for Business, said: “The owner-occupier market is sinking deeper into the mire and is dragging property prices down with it.

“It’s great news for buy-to-let investors, who are able to snap up cheaper property, usually at a higher LTV because lenders are understandably willing to advance more when property prices are lower.

“It’s a fairly simple equation: suppressed property prices, plus strong demand for rented accommodation, equals higher yields for landlords.

“Investors are being canny and targeting areas where house prices are particularly squeezed. Anywhere outside the South-East is a particularly rich seam at the moment.”

According to the index, yields on ‘vanilla’ buy-to-let increased from 6.1% to 6.7% over the quarter, thanks largely to the average property value of vanilla investments falling by 3% between Q2 and Q3 to £210,197.

Vanessa Warwick · Today, 10:07 AM

What I love about property is that it is so ... simple.

Buy a property in an area of high tenant demand at a deep discount, put in a 25% deposit, put a tenant in, deliver great service ... rinse and repeat.

With so many "creative" strategies doing the rounds, the below seemed rather appropriate:

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