December 11, 2008
Property Investment Down
Story link: Property Investment Down
Its hardly suprising though. Who in their right mind would be purchasing properties at todays value, when tomorrows value is likely to be a whole lot less?
Jones Lang LaSalle said today it expects around £21bn of direct investment in commercial real estate in the UK by the end of this year which is down 55% on last year’s total.
Julian Stocks, JLL’s head of capital markets, England, said: ‘We are back at 2000 trading levels. Some prices have fallen up to 50% since the peak in 2007. The first few months of 2009 may see further price reductions as rents fall, however, later next year conditions could change.
November 22, 2008
Buy-to-let repossessions revealed
Story link: Buy-to-let repossessions revealed
The last few years have seen a major increase in landlords nationwide. The percentage of landlords that have actually researched the markets is a very small amount, and landlords are generally relying on the increase in equity as a long term investment, rather than searching for cash flow positive properties.
By searching for cash flow positive properties, or adapting a property to be positive (converting it to a multi let or adding features and benefits which are worth more to tennants) then the market will have a shorter supply, increased demand, and sustainable rental rates.
Buy-to-let repossessions revealed
Soaring numbers of buy-to-let investors have fallen behind with their mortgage and face losing their property, official figures revealed yesterday.
The worst economic meltdown since the First World War has spelt disaster for many who took out one of Britain’s 1.1million buy-to-let loans.
November 19, 2008
Think the unthinkable!
Story link: Think the unthinkable!
We live in a very unforgiving world, and if this news item doesn’t prove it well enough, then I’m not really sure what will. As a worse case scenario, if you have repayments for anything, be it a mobile phone, car insurance or a mortgage; you should always have back up funds in place as a precaution. Even a three month pot could make the world of difference.
The story starts in Westminster, Colorado, a pleasant suburb of Denver. That is where Roger Rodriguez, a truck driver, was living in 2004 when he decided to take out a new mortgage. He was then 58.