Guaranteed Rent Insurance | No rebound in house prices until 2019
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Guaranteed Rent Insurance | No rebound in house prices until 2019 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 . Once the impact of inflation is stripped out, average UK house prices are unlikely to hit 2007 levels again in real terms until 2031, Knight Frank said. The estate agency firm warned that “home owners face a slow erosion of real prices” and said a “further correction” in prices is needed to allow first-time buyers to get on to the property ladder before the market can return to health. Guaranteed Rent Insurance Gráinne Gilmore, head of UK residential research at Knight Frank, said: “Some five years after the start of the financial crisis, the housing sector in the UK still does not bear the hallmarks of a fully functioning market. “Transaction levels have roughly halved since the last market peak in 2007, and are 35pc below the 20-year average, as first-time buyers and those further up the housing ladder struggle with tighter mortgage lending rules.” Research published by Halifax shows that house prices fell by 0.7pc in October compared with September – the fourth successive monthly decline. They now stand 1.7pc lower than in the same period in 2011. Guaranteed Rent Insurance Guaranteed Rent Insurance Ms Gilmore said she expects to see prices fall by 1pc next year before a very slow recovery begins in 2014. The forecast is based on the assumption that “the eurozone remains intact”, she added. Howard Archer, chief UK and European economist at IHS Global Insight, said: “Any significant turnaround in house prices still looks some way off, despite the economy seeing a better-than-expected rebound in GDP growth in the third quarter. “House prices are likely to stay under pressure from persistent limited market activity, still low and fragile consumer confidence, and muted earnings growth.” Martin Ellis, an economist at Halifax, added: “The weak economic background has been a key factor dampening housing demand this year.” He said recent improvements in the economy “may help to support demand and underpin house prices around current levels over the coming months”. However, Ms Gilmore warned that tight conditions in the mortgage market are not merely a “post-crisis blip”. “Rather, this should be considered the 'new normal’, and the housing market will certainly reflect that, taking years to reach the transaction levels seen at the peak of the market.” View the original article here Guaranteed Rental Scheme is a great way to take advantage of the strong letting market without having to handle the headaches. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.
http://bit.ly/T2RApo
Guaranteed Rent Insurance | No rebound in house prices until 2019 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 . Once the impact of inflation is stripped out, average UK house prices are unlikely to hit 2007 levels again in real terms until 2031, Knight Frank said. The estate agency firm warned that “home owners face a slow erosion of real prices” and said a “further correction” in prices is needed to allow first-time buyers to get on to the property ladder before the market can return to health. Guaranteed Rent Insurance Gráinne Gilmore, head of UK residential research at Knight Frank, said: “Some five years after the start of the financial crisis, the housing sector in the UK still does not bear the hallmarks of a fully functioning market. “Transaction levels have roughly halved since the last market peak in 2007, and are 35pc below the 20-year average, as first-time buyers and those further up the housing ladder struggle with tighter mortgage lending rules.” Research published by Halifax shows that house prices fell by 0.7pc in October compared with September – the fourth successive monthly decline. They now stand 1.7pc lower than in the same period in 2011. Guaranteed Rent Insurance Guaranteed Rent Insurance Ms Gilmore said she expects to see prices fall by 1pc next year before a very slow recovery begins in 2014. The forecast is based on the assumption that “the eurozone remains intact”, she added. Howard Archer, chief UK and European economist at IHS Global Insight, said: “Any significant turnaround in house prices still looks some way off, despite the economy seeing a better-than-expected rebound in GDP growth in the third quarter. “House prices are likely to stay under pressure from persistent limited market activity, still low and fragile consumer confidence, and muted earnings growth.” Martin Ellis, an economist at Halifax, added: “The weak economic background has been a key factor dampening housing demand this year.” He said recent improvements in the economy “may help to support demand and underpin house prices around current levels over the coming months”. However, Ms Gilmore warned that tight conditions in the mortgage market are not merely a “post-crisis blip”. “Rather, this should be considered the 'new normal’, and the housing market will certainly reflect that, taking years to reach the transaction levels seen at the peak of the market.” View the original article here Guaranteed Rental Scheme is a great way to take advantage of the strong letting market without having to handle the headaches. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.
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