BTL market very strong ...

Sibley

I'm in Malaysia this week. I was quite shocked to see company's offering investment in the UK housing market. It does make you realize that the BTL market has been hardly effected by the tightening up of credit by our banks.

This is one of the many advertisements in the national newspapers.

http://www.carey.com.my/careyrealestate/default.asp?id=330

It makes a mockery of all the negative spin on BTL by the bears. Foreign investors are queuing up to get a BTL property in UK.

Another point I would like to make. When bears refer to BTL landlords they insinuate that the all property investors go for 100% interest only mortgages and are on a knife edge regarding money. Clearly not that case here.

This is yet another good reason property in UK will never drop in price. We may see a flat spell and houses people need to sell going a little cheaper but long term they won't lose a penny and will steadily increase in value.

myhouse_2

Are you really in Malaysia, or was that made up to give the story more effect?
Interesting point though - I wonder how wise it is to invest in UK property at the moment - since UK citizens are not doing so, seems slightly desperate to start getting others to do so. I also wonder about investing in student property (as per your link) given the changes to student funding which are going to be happening. I also notice on the map they produce that they have put in Leeds colleges - do Leeds students really want to live in south Bradford?

JonnyBravo

Yet another fantastic opportunity to invest in something that doesn't exist yet.
Where have we heard this tale before?
Call me over cautious but I'd sooner hand my down payment to Mr D.Turpin. (Even though it is "insured against risk" - risk of what? The fact they're a bunch of lying shysters who will run off with your money? I wonder where they insure that?)

(Got to love the "strong nationwide rental demand" - for student rental in Bradford? Yeah of course)

PasturesNew

Am I just daft, or does the investment model projection show a yield of 2.11% http://www.carey.com.my/Invest%20Model.htm - so, doesn't that mean a huge long-term risk and commitment, for peanuts return, even if you get somebody in?

And the rent of £6120 - it looks like a studio flat, the details say it's a studio flat... so, what student is going to pay £510/month for a studio flat? I am a worker and I think that's high.

So, to precis: Spend money hand over fist each month, hoping some student will pay over the odds to live in a studio flat nowhere near a Uni? I can see a rush for these.

Bangkok-Dave

Are you really in Malaysia, or was that made up to give the story more effect?

Sibley here on my work laptop.

Yes, I sm in Malaysia this week. Trust me, I wouldn't be looking at Malaysian newspapers if I wasn't.:)

It's actually quite an insight that website isn't it?

Foreign investors seem happy with a lot smaller returns that UK landlords.

There will never really be a shortage of buyers in UK.

JonnyBravo

You can further research this wonderful opportunity with benefit of some of the stuff I've just googled etc.

You can see the site below
http://!!!!url.com/37vfhzo

(insert "tiny" instead of those !!!!'s)

Lovely views. (The view used for the "Artists Impression" is on the other corner of the site)

You can read about how it went bankrupt and is now "back on track" below.
http://www.thetelegraphandargus.co.uk/news/8283411.Is_Bradford_on_the_up_again_/

You can see about the planning process covered so far below
http://www.planning4bradford.com/online-applications/applicationDetails.do?activeTab=documents&keyVal=JGCB6ADH8O000


Details include the previous rejection due to timing out, the hundreds of thousands they need to find up front in payments to the council, the fact the social housing must be built first and the fact that your "investment" is only scheduled for Phase 3 of the building. That's right, it'll be built after the 38 storey skyscraper.
Oh, and that it's only outline planning so far.

Boat's about to leave folks.

Get in now.
You should start earning that whopping 7% a year by 2015. After all you're "insured against risk"

JonnyBravo

Bangkok-Dave wrote: »

Sibley here on my work laptop.

Yes, I sm in Malaysia this week. Trust me, I wouldn't be looking at Malaysian newspapers if I wasn't.:)

It's actually quite an insight that website isn't it?

Foreign investors seem happy with a lot smaller returns that UK landlords.

There will never really be a shortage of buyers in UK.

I bet you wish I'd beaten your post by a minute. Then you might have been able to pull back. Hope you've not "invested" too much.

macaque_2

Sibley wrote: »

I'm in Malaysia this week. I was quite shocked to see company's offering investment in the UK housing market. It does make you realize that the BTL market has been hardly effected by the tightening up of credit by our banks.

This is one of the many advertisements in the national newspapers.

http://www.carey.com.my/careyrealestate/default.asp?id=330

It makes a mockery of all the negative spin on BTL by the bears. Foreign investors are queuing up to get a BTL property in UK.

Another point I would like to make. When bears refer to BTL landlords they insinuate that the all property investors go for 100% interest only mortgages and are on a knife edge regarding money. Clearly not that case here.

This is yet another good reason property in UK will never drop in price. We may see a flat spell and houses people need to sell going a little cheaper but long term they won't lose a penny and will steadily increase in value.

Sibley, can I remind you of the forum rules:

Posting is a privilege not a right. This is a privately owned site. Posting is a privilege, not a right. Any inappropriate posts or any issues that take up a disproportionate amount of site resources or make it a worse place to be will be stopped at our discretion - with or without explanation. Light weight posts which seek to draw spurious conclusions based on isolated and irrelevant information (such as get rich quick property advertisments published in emerging economies) are not permitted. No one pays to use this site; when there are issues we pay to resolve them. And sometimes we need to prioritise spending money on the site, other issues or better resources.

the_flying_pig

this site looks better.

nearlynew

"BTL market very strong" ?


If you mean the buy to let market is going strong, you might be right.

However, the borrow to let market is f*cked.

Sibley

Sibley, can I remind you of the forum rules:

Can you stop trying to hijack this thread.

Please keep on topic.