Currently viewing the tag: "commercial"

More Auction Action For Property InvestorsEasier Access To Finance Increases The Number
Of Property Auction Purchases

There has been a sharp rise in the number of property investors snapping up property at auction and the reason has been credited to easier access to finance, as lenders report significant growth in lending, surpassing pre-property crash levels.

The number of properties sold at auction is booming as property investors seek to build rental property portfolios below market value (BMV), without breaking the bank.

There has been a huge increase in the number of loans that have been financed by specialist lenders over the past 12 months, with average loans increasing by more than 22% according to property finance lender, Auction Finance Limited.

The news comes as the latest Essential Information Group (EIG) figures show a seven year high for UK’s auction houses, with lots sold in October 2013 up by 30% compared to October 2012. These record figures have now surpassed pre-recession auction house transactions.

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Property Investors Using Bridging Finance To Renovate Properties

Property Investors Using Bridging Finance To Renovate Properties

£640 Million (GBP) Bridging Finance Used By

Property Investors In Just 12 Months

There is a fresh warning being issued to property investors that the current UK financial system is not set up to help them develop or renovate property because mortgage lenders are not prepared to take the risk.

Property investors are finding it virtually impossible to secure a mortgage from mainstream mortgage lenders for a property that requires renovation or refurbishment, especially if the property was previously used for commercial purposes, e.g it was previously an office or a flat and requires alterations to allow the change of use from commercial to residential, or it is a property that does not have an existing bathroom or kitchen.

As has already been reported by Spotlight over recent months, there are promising signs that the UK’s economic recovery is building in strength, thanks to the implementation of the Government’s financial initiatives such as the Funding for Lending scheme, designed to encourage business and the Help-To-Buy scheme, which was launched at the start of the year in an effort to help more first time buyers to get onto the property ladder.

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Rental Yields Drop As UK Residential Property Prices Rise

Rental Yields Drop As UK Residential Property Prices Rise

Property Price Increases Wipe Out Landlord Rental Yields

Residential property prices are rising so fast that they are outstripping rental price increases and some private sector landlords’ rental yields are suffering.

Landlord rental yields in the UK private rented sector (PRS) have fallen almost everywhere in the UK, and any rise in the rental prices are being outpaced by rising residential property prices.

Countrywide have said that in May 2013, rental yields declined everywhere in the UK except in the East of England (up 0.2% to 6.2%) and Scotland (up 0.1% to 5.8)

Rental yields in the South-West and the Midlands remained the same at 5.7% and 6.5% respectively. The greatest rental yields in the UK PRS are being achieved by landlords who own rental properties in Wales (6.6%), the Midlands (6.5%) and the North (6.4%).

Average monthly rents on two- and three-bedroom properties in the UK private rented sector increased up by 0.5% and 0.3% in May to £770 (GBP)and £884 (GBP) respectively, but rental prices for one-bed properties fell by 0.6% to £674 (GBP) and rents on four-bed properties were also down by 2.1% to £1,363 (GBP).

Wales had the greatest increase in average monthly rental prices, up 4.9% on April 2013, followed by Scotland (up 2.2%), the North (up 1%) and South-West (up 0.5%).

Despite some regional increases, the average monthly rental price in England, Scotland and Wales fell by 0.2% in May 2013, but rents are still 0.8% higher when viewed year-on-year.

The Midlands has seen the greatest decrease in average monthly rents, down 1.4% month-on-month, followed by the South-East and central London, both down 1.3%. Scotland has the lowest average monthly rent at £617 (GBP) per calendar month (pcm) and central London the highest at £2,340 (GBP) pcm.

Countrywide have taken their data from over 5,000 rental properties in the UK.

Nick Dunning, Commercial director at Countrywide said: “Despite the decrease in yields in May, rental yields remain strong and are providing attractive returns for buy-to-let property investors compared to other types of investment.”

2013 State Of The Property Market Report

will help Property Investors avoid the same fate

2013 State Of The Property Market Address

Controversial Report Saves Property Investors From Losing A Fortune

It could easily be summarised as: “Scandal in paradise

You might even have read about it on “Spotlight” previously or seen this elsewhere in the press VERY recently…

In fact, the last few weeks have brought to light the massive failings (false promises?) of one particular “Self-Invested Personal Pension” (SIPP) provider.

As covered by the likes of The Guardian, CityWire, and FTAdvisor…

Questionable incentives, fraud allegations, frozen assets, pay-offs, mass refund requests…

So, in a nutshell, what happened…?

They got the buying model wrong.

And that is FUNDAMENTALLY IMPORTANT

Here’s how you can avoid the same mistakes:

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

It’s simple…

Going out there and trying to be a property investor without getting educated is sabotaging your own success. (especially when entrusting EVERYTHING to a done-for-you service provider. “A fool and his money…”)

Doing Your due-diligence is key!

Which is why the two most renowned expert property investors of the last ten years have produced THIS compelling report on the state of the UK property market.

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

They’ve already helped thousands of keen new property investors to avoid getting stung over the last seven years

And in light of these recent high-profile cases, they feel a sense of duty to other property investors like You to reveal these key predictions and strategies for 2013.

This will help cut through the noise, get clarity, and take your next steps in the right direction…

Without risking your savings!

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

Some of the content revealed will be of a sensitive nature, and last year they were forced to take their controversial report down after just a few days…and this years State of The Property Market Address is even more explosive!

2013 State Of The Property Market Address

The Controversial 2013 Property Report Every UK Property Investor Is Talking About

This report is only available for 2 weeks so Get it NOW!

Empty Property Rates - £1.1 Billion Tax Bombshell

Empty Property Rates – £1.1 Billion Tax Bombshell

The taxpayers Alliance have reported that a massive £1.1 Billion (GBP) was paid last year in Business Rates on empty properties, a rise of 19% between 2009/10 and 2011/12

This is the first time that a figure has been calculated for the amount collected in empty property rates since exemptions for empty commercial and industrial properties were abolished at the 2007 Budget.

Before 2007, empty industrial properties were exempt from Business Rates and empty commercial properties were subject to extensive reliefs and reductions.

Apart from a short exemption period and extremely limited reliefs, full Business Rates are now payable on all empty commercial and industrial properties.

With the economic downturn making it increasingly difficult for commercial landlords to find new tenants, this tax has had some devastating effects:

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Banned Property Report

We have just read a property report that was previously banned about 4 months ago because it revealed inside knowledge that other property experts didn’t want made public.

Get The Property Report The Experts Dont Want You To Have

Get The Property Report The Experts Dont Want You To Have

The property report was meant for a group of private VIP property investors but I’ve been forwarded one of their private emails and having read the explosive content contained in the report I thought it should be shared with our readers, so now you can access it too (while it’s still live):

Download “The State of The Property Market Report & Predictions For 2013” PDF report

This report details the previously unspoken risks and opportunities that savvy property investors face in the property market right NOW

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Top 7 Property Predictions & Early Mover Opportunities for 2013

Top 7 Property Predictions & Early Mover Opportunities for 2013

Property Investment Just Got Easier

If UK & Overseas Property Investors want to get the real inside story on what’s REALLY going to happen in the UK property investment market in 2013, then listen in on Wednesday 16th January @ 8pm as 2 of the UK’s most prolific contrarian property investors reveal the “Top 7 Property Predictions & Early Mover Opportunities for 2013”, during an exclusive online event: REGISTER NOW

As 2013 stretches before us, we’re all looking to learn about the best of property investment from other successful property investors that will hopefully help us improve and grow our own property business’.

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This is meant to be private, but it’s the start of a new year, and we exist to help property investors find the resources they need to profit from property, so let’s not waste time!

Register for YOUR Unfair advantage NOW!

The Top 7 Property Predictions for 2013 – Exposed -Register for YOUR Unfair advantage NOW!

Here at MyPropertyPowerTeam, we want YOU to start 2013 fully armed, so you can smash those property investment resolutions and show the world that you have the knowledge to succeed as a successful property investor. 

So its time to gain a really unfair advantage!..

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The UK property market looks set to be boosted by overseas investments as the Singapore government announce their intention to target London with a £200 Million (GBP) fund.

The small investment fund of the Government of Singapore Investment Corporation (GIC) represents further investment in a UK property market that has become increasingly popular with foreign buyers.

Sovereign wealth funds and other investors from Asia accounted for 30% of all commercial property deals in the UK capital in 2011 and GIC already owns a stake in Kent’s Bluewater Shopping Centre.

The Singapore group will now work with London-based investment manager Orchard Street Investment Management, whose chairman, Chris Bartram, said it will look to spend between £15 – 50 Million (GBP) on 15 commercial properties targeting office, retail and industrial sectors.

Confidence in the UK’s commercial property sector has fallen for the first time in almost a year amid fears about the economic fallout of the Eurozone crisis.

According to survey data released last Friday by Lloyds Banking Group, the UK’s largest commercial lender, confidence in the prospects of the industry are being pushed lower by fund managers, only 10% of whom expect activity to increase within the next six months.

Large businesses were more positive, however, with more than two-thirds intending to increase their exposure to the sector.

Lloyds is well placed to gauge industry sentiment, having inherited a large loan book from its takeover of HBOS.

The group owns more than £60 Billion (GBP) or $93 Billion (USD) of commercial property loans.

Lloyds’ Managing Director of Corporate Real Estate, Lynda Shillaw said: “This quarter’s market overview suggests that weakening prospects for the world economy, turbulence in global financial markets and Europe’s sovereign debt crisis are impacting negatively on UK commercial property confidence.”

Added to the news that UK retail surveyors are reporting an increase in vacant retail units and the picture becomes even gloomier for landlords with commercial premises on the British high street.

According to the Royal Institute of Chartered Surveyors, (RICS), the number of retail surveyors who saw an increase in available shop space rose 14% during the three months to September,

The 29% net balance of those seeing a rise in availability, up from 15% in the last quarter, is a worrying omen for the retail property sector, which is suffering from falling consumer confidence as well as a massive tightening in lending from UK banks.

The number of respondents reporting increased demand for shop space fell, with the net balance declining from 12% in the second quarter to -19% during the three months to October.

Simon Rubinsohn, RICS chief economist said; “There is a suspicion that the recovery that was expected is no longer coming, and with more stock coming through and demand falling, rents are going to come under pressure. The resolution of the sovereign debt crisis in Europe would go some way to alleviating the concerns, but confidence is crucial to the retail sector and at the moment it is hard to see where the good news story is coming from”.

Across the wider commercial property sector, demand levels slipped back for the first time since last year, with a net balance of surveyors seeing demand among tenants falling to -11% from a 10 % positive balance during the last quarter.

Landlords across the sector also offered special deals and discounts to encourage retail tenants to take up commercial property rental agreements.

Over the last three months, 20% of commercial landlords said the need for inducements had been increasing and many felt that landlords were under increasing pressure to incorporate more flexibility into their leases.

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