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  • Buy-to-Let

    Population growth = increased tenant demand?

    The paper today states that the UK population growth over the next 10 years will be 3 Million, 300K per year.

    In spite of denials they need to live somewhere, I intend to keep buying. The threat of recession may knock a bit of property valuations especially at silly valuations but rental will rmain strong.

    A Corbyn government may introduce rent controls but it is a silly idea. San Francisco did so only to the rental market contract by some 15% in two years.

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    Completely agree!

    Regardless of short term political uncertainty, the simple law of economics is that if demand outweighs supply, prices will increase! They do and they will!

    It is important to focus on where that population growth is focussed though because some areas won't benefit from it at all whereas others will benefit greatly!

    You can't take a macroeconomic approach to property and do it well, it needs to be micro.

    Happy to assist anyone with the specifics of this if they're interested.

    In the meantime, here is some educational resources that might help, I'd recommend our video resources where we have over 100 hours of educational video;

    https://nova.financial/nova-tv

    and my recently published book which is now an International Amazon #1 best-seller. It's called The Property Pension Plan, Financial Freedom Through Buy to Let Investing, it may be of interest and you can get it here for FREE;

    https://www.thepropertypensionplan.com/free-book 

    Here is a reprise of our recent video series with Property Tribes:



    Monday -  Launch of the week and how to R.E.T.I.R.E through investing in property.

    Tuesday -  Strategies for BTL in the current market conditions

    Wednesday - The mindset of the successful investor

    Thursday -  10 point property due diligence plan

    Friday - The three pillars - Finance, Tax, and Property Management

    I hope this is helpful and I'm happy to answer any further questions.

    Nova Financial Group is my business and we assist clients with the following;

    • Goal Setting
    • Strategy
    • Implementation (sourcing inc research and due diligence)
    • Finance
    • Management
    • Portfolio Building

    I can be contacted directly on pm@nova.financial or call our office on 0203 8000 600. You can learn more about us here; https://www.nova.financial

    I look forward to hearing from you.

    Kind Regards,

    Paul Mahoney

    Founder & Managing Director

    Nova Financial Group

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    I don't know if it is just some of my areas but a lot of the rental demands is being sustained by immigrant population. 

    Depending on the outcome of Brexit maybe reduce or reverse this flow. Especially if we introduce Visa points systems or seasonal visas then it might be that the same economic migrants might not see UK as an attractive prospect and maybe choose another European place like Germany as an alternative. 

    Most of this is what-if scenarios but I can see that something like this may reduce demand and rents as competition reduces. Then you have the government changes to factor in and if any new policies caused further market disruption. 

    Unfortunately I've currently got a stay put attitude but I could be wrong. There's still enough demand for the next few years but my outlook as part of my long term game is slightly inconclusive at this moment. I need more data to help drive my long term plans and some of that is unknown for me right now to persuade me to take chances.
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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 

    I believe EU nationals make up about 6% of the population? So overall not huge numbers - unlikely we’d feel any affect even if immigration dropped after brexit etc, except in perhaps very specific areas
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    The official population is 67M, but I reckon the real figure is at least 70M, and increasing. There must be numerous humans who are below the radar, e.g, births (legitimate or otherwise) that are never registered.

    Plus illegals. Successive Labour and Tory MPs have admitted they have no idea how many illegal immigrants are here. And I agree with Simon Zutshi when he said: "We have a border control agency that cannot control the borders".

    I'm staying put with BTL.

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    "Experience is a good school, but the fees are high."

    Heinrich Heine


    Fresh research shows that just a quarter of private tenants in the UK are interested in purchasing property in the near future, amid economic and political uncertainty.

    Some 75% of the 2,000 private renters across the UK that took part in a survey, said that they are content renting, with a third of those - 33% - happy to rent forever.

    Full/source article

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