CategoriesWeekly News

Weekly Property News Round Up – 29.11.21

It has been an exciting week here at Track Capital as we launched our latest product, guaranteed to save investors thousands and fulfil many landlord dreams of increasing and diversifying their portfolios without breaking the bank.

The Help to Invest Scheme is a game-changing opportunity to invest in a high-quality development with just a 5% deposit – with a projected ROI of 277% and the ability to permanently keep 100% of your rental income. Contact us to find out more!

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you having to click through.

Episode 37 – To Self-Manage or Not to Self-Manage – That is the Question??? – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week

  • ARLA Propertymark Calls for More Support for Landlords – In the past few years, an avalanche of new regulations restricting the earning potential of the private rental sector has resulted in Propertymark calling strongly for more support for landlords. It is becoming increasingly more difficult for many landlords to keep up with the constant governmental demands, which risk not only driving landlords out of the sector and thus reducing available housing, but also putting financial pressure on tenants who will be forced to pay the ultimate price for continually increased costs for landlords. Propertymark would like to see the government give positive reinforcement to a necessary sector that provides housing to the growing number of people who cannot afford to own their own homes.

 

  • New Carbon Monoxide Laws for Private Rented Sector – In yet another move to improve the condition of housing in the private rented sector, Housing Minister Eddie Hughes MP announced this week that Carbon Monoxide alarms must now be fitted in all rented accommodation.
    This means that it will now be illegal for housing providers to fail to install smoke alarms in social and private housing and that it is mandatory for carbon monoxide alarms to be fitted in social and private rented properties containing fixed appliances like gas boilers or fires. The new regulation stipulates that Carbon Monoxide alarms must be installed whenever new appliances such as gas boilers or fires are fitted into any home. Landlords and housing providers in social and private rented sectors will also be obligated to repair or replace faulty smoke and Carbon Monoxide alarms as soon as they are informed of a malfunction.

 

  • Investors Swapping to Property from Cryptocurrency Gains – A recent survey led by Sequire has revealed a notable proportion of UK investors who benefited from profits gained in cryptocurrency are now removing their funds in order to put their profits into the buy-to-let sector. Although a reported 85% of crypto investors have confirmed that they ‘hodi’ coins and stay invested in cryptocurrency, 15% remove profits earned in order to transfer it to the perceived ‘more stable’ real estate. Currently, property comes in just behind stocks and shares for the title of most popular crypto investment asset. This year has seen popular coins such as Bitcoin and Dogecoin achieve record gains.

 

  • Pros and Cons to Off-Plan Real Estate in Dubai – Off-plan purchasing is a very popular and money-saving technique in Dubai real estate. Although there is always a chance that a slumping market will result in properties losing value as they complete, it is far more common for an off-plan property to cost less during the build than it does to buy the finished product. This frequently results in immediate capital appreciation upon completion. Dubai is well-known for its calibre of high-quality developers, with many focusing their efforts on the most popular areas. The high demand for renting there often results in a quick return on initial capital for investors, where ROI can reach a very healthy 12-15% per year. The Dubai property market is set up for investors, with a fast turnover of deals, responsive developers and bespoke payment plans available. Significant government backing for real estate in Dubai affords buyers a great deal of protection and confidence. Incentives for completing developments and progressive regulations assure a continually high finish in off-plan properties.

     

    That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

CategoriesWeekly News

Weekly Property News Round-Up – 19.11.21

This week at Track Capital, we have been discussing an exciting new investment product soon to become available with us. We anticipate that it will be a game-changer for many investors who so far have not built up enough funds to put down a deposit.

If you are interested in finding a way to invest for less and maximise returns, reply to this email for more information.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you having to click through.

Episode 37: To Self-Manage or Not Self-Manage – That is the Question??? – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well. We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week
  • Commercial Property Market Enters Recovery – It has been a difficult time for the Commercial property sector, between lockdowns forcing shop closures and the continuance of many office employees working from home. Thankfully, it has now reached a point of stabilisation, if not full recovery. Once again collecting 100% of office rents, British Land is now finally back in profit, reporting the largest amount of workplace leasing in ten years. However, this recovery has been very uneven, with some shops and offices closing their doors permanently while others are not just stabilising but flourishing as the effects of the pandemic continue to wane. 
  • Government Learns How to Stimulate BTL Market – Paragon Bank’s analysis of industry data has revealed the efficacy of the government-backed stamp duty holiday for encouraging growth in the buy to let sector. When comparing the number of properties purchased during the holiday with those purchased at regular rates, results showed an increase of purchases by 52% in London alone. Other regions were not far behind this percentage, proving the overall value in tax relief schemes like the Stamp Duty holiday for future occasions where the government aims to give any sector a boost. 
  • UK Rents Predicted to Rise 4.5% in 2022 – Zoopla has released the latest UK Rental Market report, with results showcasing the increase in demand especially in and around city centres as ‘normal life’ begins to resume. The data indicates that average UK rents increased by 4.6% year-on-year by the end of September, putting them at the highest rate in nearly 15 years. Continued widening of the supply and demand gap is predicted to further this trend into 2022, with rents anticipated to grow again by 4.5% next year. This has far-reaching implications for all parties involved, with renters experiencing increased difficulty in finding affordable housing.
  • Dubai Property Market Rebounds with Record Sales – Until recently, an imbalance in supply and demand in the Dubai property sector fuelled by pandemic-related factors led to a steep drop in property prices across the region. However, in a move that has shocked developers, the Dubai market has experienced a dramatic and sustained recovery. House prices are now rising at a rate not seen since February 2015, with a 77% increase in transactions in August year-on-year. This huge boost to the sector has resulted in Emaar Properties reporting record sales to the tune of $7.2 billion from Jan-Sept this year. in Dubai’s property market has helped its biggest property developer to report its highest-ever sales.

 

That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

 

CategoriesWeekly News

Weekly Property News Round-Up – 12.11.21

I hope you have had a fantastic week. We have been keeping our eye on the property market statistics as they continue to explode up and down the country.

It’s important to know that there are incredible deals to be found in any market, no matter how hot. Remember that exploring options outside of your comfort zone with the help of a trusted expert in the sector can yield you some surprising results.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you having to click through.

Episode 37: To Self-Manage or Not Self-Manage – That is the Question??? – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well. We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week
  • International Investors Boosting Dubai Property Market – Developers at Cityscape Global have confirmed that International investors played a crucial part in boosting Dubai’s property market this year. Their running consensus is that Dubai’s swift and decisive handling of the Covid-19 pandemic, with no draconian-style lockdown and firmer implementation of precautionary measures, has made more people than ever consider Dubai as a good place to live, work and raise a family. CEO of Azizi Developments remarked that cities that thrived during Covid times will now benefit from strong foreign investment interest. Indeed, statistics show that most sales are coming from overseas. Cityscape Global is the UAE’s biggest real estate exhibition, where developments such as Sobha Realty’s newly-launched Waves Grande are proving particularly attractive to overseas investors.
  • Landlords Prepared for New Energy Rules – Specialist Savings and Lending bank Shawbrook has commented that landlords are already reacting to the energy efficiency rules set to come into play in 2025. Once implemented, properties with an EPC rating of D or lower will be deemed unfit for tenants. Data reveals that 17% of landlords have already taken steps to improve their property’s energy efficiency rating, with 22% of portfolio landlords also having done so. A more energy-efficient home is an attractive feature for prospective tenants, with a significant number being happy to pay more for this, especially as it may save them money on their energy bills. The downside of this, besides the initial cost of improving properties, is that older properties may prove difficult or even impossible to bring up to code. This could result in some properties being essentially ‘unrentable’ and ‘unsellable’.
  • Councils Accused of Failing to Take Action on Rogue Landlords – The National Residential Landlords Association has issued a warning to English councils over their failure to take action against rogue landlords as data shows that over the past 3 years, two-thirds of English councils have prosecuted zero landlords for offences related to standards in, or the management of private rented housing. The NRLA has told councils that a failure to take action against the criminal minority destroys the sector’s reputation and risks weakening any further reform within the sector. Of those councils who responded, it was revealed that only 937 successful prosecutions of criminal landlords had taken place over the past three years, as the government estimated in 2015 that there may have been some 10,500 rogue landlords in operation. 
  • UK House Prices Soar over Falling Supply – A lack of housing supply has caused UK house prices to skyrocket in October 2021, according to a RICS UK residential market survey. In the survey, 70% of respondents observed a marked increase in property prices, with this unsettling trend predicted to continue for at least the next three months, and very possibly into 2022. Even though there had been a 10% increase in the number of new enquiries, estate agents still have a low average of 37 properties on their books at any one time. The report also revealed that 20% of contributors reported a fall in the number of new properties being listed for sale. It is becoming apparent that any monetary relief provided by the Stamp Duty holiday is being quickly eaten up by these inflated house prices.

That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

 

CategoriesWeekly News

Weekly Property News Round-Up – 05.11.21

This week we are pleased to announce that the popular UK real estate news channel PropertyWire has welcomed Track Capital’s own Founder and Director, Nick Hyland, to give his thoughts on the best UK cities for Buy-to-Let as post-pandemic recovery begins to unfold and the market continues to be red-hot for investors and home-buyers alike.

The article gives a full overview of the current BTL market prospects for major UK cities and is a great resource if you are wondering where best to invest for Buy-to-Let properties.

Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you having to click through.

Episode 35: Dubai and Track Capital Sneak Peek – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well. We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week
  • UK House Prices Hit Another Staggering Record High – The latest Halifax House Price Index data reveals that October saw the average UK property price hit a record high of £270,027 which is a month-on-month increase of over £2,500 per property. This now puts the annual inflation rate at 8.1% across the UK – the highest level seen since June. The stamp duty holiday and a “race for space” have been cited as some of the key factors in property prices rising. Since April 2020, the average property value has increased by 13.2% – That’s an increase of over £31K per property. It is anticipated that the Bank of England will inevitably raise rates, perhaps as soon as next month, with further rises expected in 2022. The housing demand is predicted to cool as borrowing costs increase slightly, but the inability to successfully raise a deposit will still be the biggest limiting factor to many.

  • Student Lettings Sector Booms as In-Person Attendance Resumes – The Deposit Protection Service has revealed that 25% more student deposits were registered between 01/08 – 26/10, suggesting that more students resumed university lessons in-person this year when compared with 2020. This is undoubtedly connected with the effects of the pandemic and the resulting restrictions on public services. For deposit registrations across England and Wales, August 2021 was the busiest month ever recorded. It was also the sixth month in a row for deposit registrations in student areas to be higher than those of their corresponding months in 2020.

  • UK Construction Activity Continues to Accelerate – Data from the IHS Markit/ CIPS UK Construction Activity Index shows that in October, house building outperformed commercial work as the best performing category in the sector. After September hit Construction’s lowest point in eight months, October’s data comes as a relief to those operating in the sector and suggests a ‘robust and accelerated rise in output volumes.’ Q1 2021 saw the construction industry face problems of severe shortages of staff and materials. Although there have been improvements, issues stemming from driver shortages and shipping congestion have not been fully resolved. Despite this, the short term forecast for construction growth remains positive with further growth expected moving into 2022.

  • Dubai Records AED 1.1 Billion-Worth of Realty Transactions –  The Dubai Land Department has reported that on the 3rd of October, Dubai’s real estate market recorded a total of 343 sales transactions collectively worth AED862.73 million. Mortgage deals of AED168.87 million were also recorded, with 13 gift transactions totalling AED72.7 million.
    The sales consisted of 314 villas and apartments worth AED645.92 million, with 29 land plot sales totalling AED 216.81 million. Mortgage transactions covered 52 villas & apartments worth AED123.74 million and 10 land plots that were valued at AED45.14 million. In total, realty transactions of Wednesday reached AED1.1 bn.

That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected]  – if not, see you next week.

 

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