Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
Knight Frank have released a report that reveals five trends are set to dominate the private rented sector between now and 2025.The five key trends are: + As demand for privately rented homes continues to grow - an additional 560,000 households are expected to be living in the private rented sector by 2023. This takes the total proportion of the housing market to 22%, up from 20.6% today
+ Knight Build-to-rent (BTR) homes are increasing, but starts that more are needed. There are currently 29,416 professionally-managed PRS units completed, and the current supply pipeline of BTR units under construction or in planning is 110,092.
+ Individual buy-to-let landlords are exiting the market – mortgage data shows that the number of new mortgages taken out by landlords has fallen over the last two years
+ Home ownership rate declines further – the proportion of households who are homeowners is declining (although the overall number of homeowners is rising, as the population increases.)
+ Increase in provision of social housing - provision of social/affordable housing will increase over the next five years as a response to looser lending rules for councils, new government funding for social housing and increased activity of Registered Providers in the land market in recent years.Nick Pleydell-Bouverie, head of residential investment agency, observed:It is crucial that the UK government resists further legislation and taxation and enables the PRS market to significantly contribute towards the UK housing challenge.”Full/source article What do you think of these five key trends?SEE ALSO - Landlord confidence trends - curatedUP NEXT - 3 key trends identified in lettings sectorDON'T MISS - Property market predictions for 2019NOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
"individual BTL LLs are exiting the market- mortgage data shows number of new mortgages taken out by LLs has fallen over the last two years"
I am reducing the NUMBER of mortgages I have but keeping the same number of BTL properties, including adding to debt on one property to relieve expensive debt on another
I am not taking out any NEW mortgages, but am re-negotiating or rolling over to new deals with existing mortgages
Many LLs I know are seeking alternate financing outside of BTL mortgages; including commercial finance and personal lending
So "Number of new mortgages taken out by LLs" may not be the best KPI for measuring individual LL actions
But we'll see what happens in the next couple of years
if 560,000 new households will be wanting to rent by 2023 but there will (arguably) be fewer private landlords, does anyone expect the public housing increases to cover this, or will corporate landlords scoop up the bulk of the new tenants?