Posts Tagged ‘landlord rent guarantee insurance’
Guaranteed Rental Income | Hammersmith Property Prices Scale New Heights
Guaranteed rental property – Being a property management company specialising in guaranteed rent that the biggest drawback of owning a rental property is void periods in between tenants. A buy-to-let property is no good as an investment if it isn’t making any money. This is why we offer a great guaranteed rent solution.
Guaranteed Rental Income | The average property price in the W6 post code area soared above the three quarters of a million mark to reach £756,844 in the fourth quarter of 2013 – a rise of 15.2% compared to the same period last year.
It was also up 9.2% over the previous quarter, when the average price was £693,062.
This leap in the overall average was mainly fuelled by house prices. Semi-detached houses were up by a huge 31.9% on the previous quarter, when the average was £1,600,000, breaking through the two million barrier to reach £2,110,000. Rent Guaranteed
Terraced houses were not far behind, showing a rise of 27.6% over the previous three months, from £1,073,697 to £1,369,797.
The figures also show that in the longer term, terraced houses in Hammersmith have more than doubled over five years, rising by 102.7%, while over ten years, they have jumped by 171.8%.
The statistics for semi-detached houses are even more striking, with prices having risen by an astonishing 261.3% over ten years.
Flats however, slipped to an average £424,364 – a drop of 5.8% from the previous £450,266.
Over the longer term though, flat prices have been rising steadily, by 44.8% over five years and 84.6% over ten.
Guaranteed Rental Income | Challenge us to exceed your expectations with our guaranteed rent services
Guaranteed Rental Income | The very top of the market in W6 continues to thrive, with a house on Hammersmith Grove sold for £3,900,000 to become area’s third most expensive while one on St. Peter’s Square cost its new owners £3,715,000, the fourth highest price ever in W6.
The volume of sales also remains strong at 135 – up by 50% compared with the same period in the previous year. Guaranteed Rental Income
hammersmith property prices
Looking at London as a whole, December data from Land Registry’s House Price Index shows that our city remains the best performing property market in England and Wales. The average price of a home in the capital rose by 11.2% over the year to £403,972.
For the country as a whole prices rose by 4.4% which takes the average property value in England and Wales to £167,353. Repossession volumes decreased by 28% in July 2013 to 1,187 compared with 1,645 in July 2012.
The most up-to-date figures available show that during October 2013 the number of completed house sales in England and Wales increased by 21% to 71,929 compared with 59,213 in October 2012. The number of properties sold in England and Wales for over £1 million in October 2013 increased by 40% to 913 from 651 in October 2012.
Looking ahead, the more positive outlook continues with a net balance of 40% more chartered surveyors predicting transaction numbers to increase in London over the coming three months, while expectations for future prices are also strongly positive.
Jon Pishiri, RICS London residential spokesperson said, “The lack of supply in London continues to push the price upwards in the region, reinforcing the need to increase our housing supply. The distinct nature of London’s property market indicates that a unique approach for the capital should be adopted.”
A detailed listing of properties sold recently in the area will be appearing in a forthcoming edition of the Hammersmith newsletter.
Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
Guaranteed Rent for Landlords | Record demand for London prime property in January
We seek properties all over England for our guaranteed rent scheme. All properties must be clean, in a good state of repair, fit for human habitation and safe. If they are not we may be able to help you anyway so it is worth giving us a call.
Nearly half of all prime properties sold in London during January went for asking price or higher, it has been revealed.
Demand for houses in this part of the country during the first month of the year has never been stronger, according to figures from estate agents Marsh & Parsons.Guaranteed Rent for Landlords
Thirty-four per cent of properties sell within two weeks of going on the market and the ratio between supply and demand is at a four-year high, fueling concerns that a property bubble is developing in the capital.
Peter Rollings, chief executive officer at Marsh & Parsons, thinks the surge in potential buyers since the turn of the year means that now is the time to get a “jackpot price on property”.
“These extraordinary conditions have created a strong seller’s market and one of the best opportunities to sell property in recent years,” he added.
The estate agent’s study showed there were 23 registered buyers competing for every home last month – this figure only stood at 14 in January 2013.
Mr Rollings puts the demand down to the “perfect combination” of low interest rates and competitive mortgage finance.Guaranteed Rent for Landlords
London’s property market has also for some time been viewed as an ideal investment opportunity, attracting rich migrants from all over the world who consider residential property in the UK capital to be a ‘safe haven’ for their cash.
“This doesn’t surprise me at all,” said Sophie Dworetzsky from law firm Withers. “If you invest in high-end London property you probably feel you have a degree of certainty – it’s like a safe currency.”
However, Mr Rollings did urge buyers to show a degree of caution when searching for houses, as he noted property regularly goes for over the asking price in a seller’s market.
For example, the average price of a two bedroom property in outer prime London rose by 17 per cent in 2013, which represents an increase of almost £100,000.
We treat your properties on our guaranteed rent scheme as our own for you to get the very best services at all times. Contact Guaranteed Rental today on 020 8694 8098 to find out more.
Guaranteed Rental Income | Private rental sector set to rise over the next year
Most of our landlords use our guaranteed rental income scheme. We have our own list of tenants waiting to move into properties. But just in case there is a void period, should happen, and for some reason your property should be without a tenant, we offer a rent guarantee scheme.
Guaranteed Rental Income | The private rental sector is set to grow this year as an increasing number of people are priced out of the mortgage market.
New findings have revealed that the private rental sector could make up 20 per cent of the homes market by 2021.
In fact, according to Belvoir Lettings, the number of people choosing to rent will continue to drive up demand.
The last year has also seen the rise of the ‘accidental landlord’ because of the inability of some mortgage holders to sell their house, although a small proportion of these are expected to take advantage of rising prices in order to make modest gains and exit the market. In addition, the report concluded that over the next few years, new rented housing stock will come from different directions, including from institutional investors. Commenting on the data, Dorian Gonsalves, chief executive of Belvoir, said:
“There are real indications of a recovery in the housing market with property prices predicted to rise, along with a projected 25 per cent increase in buy to let mortgage lending and with this we expect to see the re-emergence of more and more investment-minded landlords looking to capitalise on this trend.”
Guaranteed Rental Income | We work closely with our landlords and tenants to deliver the best Guaranteed Rent Services
Guaranteed Rental Income | He added that renting offers very good value, because of the flexibility and the fact that it is cheaper than taking out a mortgage.guaranteed rental income
This is particularly the case in London and the south-east, where property values tend to be much higher than those in the northern regions.
Mr Gonsalves added: “Whilst landlords always need to ensure they invest in the right property and be aware of local market rents, they must also remember that a good tenant who looks after a property well will actually be worth more to them, by taking out longer tenancies and reducing potential void periods.
It’s a win, win situation.” Recently figures published by Nationwide showed that property prices rose by 1.4 per cent in December and were 8.4 per cent higher than a year before.