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BTL market very strong ...
Comments
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Thrugelmir wrote: »Think back 2 years to where we were then......
Hard surprising there's been an improvement.
However in context with owner occupancy buyers, what is the relationship?
If owner occupiers buyers are reducing and BTL investors are increasing, this just increases the percentage of properties moving to rental and will further reduce the percentage of owner occupancy.
Some of us discussed a move towards a greater rental society and this seems to be coming true.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I read this weekend that people buying BTL was at a 2 year high at the moment.
Indeed, a bit further back, CML released this press release regarding BTL market
http://www.cml.org.uk/cml/media/press/2770
Interestingly it was the second consecutive quarterly increase.
Also interestingly, it rose by 8% in volume, yet 12% in value.
Compared to a year ago, it's up 14% in volume and 33% in value:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Thrugelmir wrote: »Think back 2 years to where we were then......
Hard surprising there's been an improvement.
Well it is, I think GDP is lower than it was this time 2008, so in reality the country is worse of but people are looking to invest.0 -
I know where that proposed development is and what used to be there. Anyway this is not a traditional BTL but a niche market aimed at students. From a prospective student point of view its a no no. There are numerous other accommodation blocks for students and the uni or one of its partners itself is building a new block on campus
Its too far away from Bradford Uni & College.
Even further away from the highly rated School of Management.
Its beside a busy 3 lane dual carriageway
On the plus side its very close to the bus & train station.
Now that European finance has dried up it makes sense for developers to look at other avenues of finance. But this building with the student market as its bait at that site is just wrong. The new caps on the numbers of non EU students is also not in its favour.0
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