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  • Property Yields

    Rents to rise faster than house prices



    Rents across the UK are set to rise considerably faster than house prices over the next five years, according to property agents Savills.

    It forecast that rents will go up by 19% between now and 2021, while house prices will only rise by 13%.

    The gap will be even more pronounced in London, where it said rents will rise by 24.5%, and house prices by 10.9%.

    The reason was "post-referendum economic uncertainty" and weaker consumer sentiment.




    Full/source story 

    View the full Savills Report - Residential Property Focus - 2016 - Q4

    The article goes on to say that rents will rise as first time buyers struggle with affordability.

    What is interesting here is that there is no mention of the impact of Section 24!!  

    The PRS really is heading for a perfect storm.  It's like watching a car crash in slow motion.

    UP NEXT  -         "Brental" - a unique window of opportunity?

    SEE ALSO -        The post-Brexit & Section 24 landscape

    DON'T MISS -     A million landlords forced to increase rents
                               
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    Some more interesting forecasts from Savills on transactions.  Their data suggests BTL transactions involving a mortgage will decline 33% by 2018!

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    I'm wondering why 'post-referendum economic uncertainty and weaker consumer sentiment.' means that rents will rise by so much?

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    In case you don't already follow him on Twitter (you should imo), Neal Hudson is currently a UK Housing Market Analyst at Savills (but is leaving to be self employed doing something similar in Jan 2017)

    @resi_analyst

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    If we can get data like the above

    The govt will see the same data

    I cant help thing rent control will be on the cards

    I just feel there will be something around the corner

    I just dont trust the govt (I hope I am wrong )

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    Learn Change and Adapt ?????