The lower-end of the market is attracting a lot of attention from buy-to-let owners as the ratio between price and rental returns widens in the upmarket property segment.
The lower-end of the market is attracting a lot of attention from buy-to-let owners as the ratio between price and rental returns widens in the upmarket property segment.
Once you know what your budget allows and you know what you are looking for, the hunt for a new home begins. Maybe you want a house by the sea, maybe you want to live in a particular neighbourhood, or maybe you just need a little more space for your growing family. Whatever your reasons are, the house hunting process is just as important as the buying process itself.
Finding the right location for your lifestyle is not only vital, it can be quite difficult sometimes. The location of a property can often be as important as any other aspect of the house.
Trafalgar Property Group MD Andrew Schaefer says that high levels of maintenance and competitive marketing used to attract and retain tenants are key factors to extending the life cycle of buildings, and thus increasing property investors’ returns.
The recently implemented National Credit Act (NCA) could influence property rentals positively as the housing market settles into a new cycle of demand.
Owners of rental property have more obligations than just delivering property to their tenants. Tenants should know their obligations, other than just paying the rent.
The National Credit Act, implemented on 1 June 2007, could have positive effects on the rental market as the housing market undergoes some major renovations. Obtaining mortgages becomes more difficult and it is becoming more expensive to finance higher-segment houses, which leads to the blossoming of the rental market.
High building costs has urged residents to rent rather than buy and fortunately there are enough investors to invest in buy-to-let property after being promised double digit rental growths in emerging areas over the next five years.