{"id":582,"date":"2011-02-21T10:32:16","date_gmt":"2011-02-21T10:32:16","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=582"},"modified":"2011-02-21T10:32:16","modified_gmt":"2011-02-21T10:32:16","slug":"legal-4-landlords-predict-stable-prs-growth","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/legal-4-landlords-predict-stable-prs-growth\/","title":{"rendered":"Legal 4 Landlords Predict Stable PRS Growth"},"content":{"rendered":"

Latest landlord News by: Madalena Penny<\/p>\n

2011 is yet to see the entire role, which will be placed on the private rented sector.\u00a0 A report by the National Housing Federation, who represents national Housing Associations, shows a bleak picture of social housing and affordable home-ownership.<\/p>\n

The \u2018Home Truths 2010\u2019 report has revealed that house-building levels are now lower than at any time since the 1920\u2019s.\u00a0 It further states that the housing market remains unaffordable, with the average home costing over 10 times meridian incomes.\u00a0 Resulting in a shortfall of affordable housing, the report places much emphasis on the private rented sector to fill the gap in what is now considered a housing crisis.<\/p>\n

Landlords are witnessing some fluctuations within the market, but nothing significantly concerning any negativity.\u00a0 LSL\u2019s rental index may have shown some decline in rents in January, but again some falls are expected in December and January, when tenants are less likely to look for accommodation resulting in landlords avoiding voids and reducing rents.\u00a0 Despite the drop in rental value last month, rents, according to David Brown, estate agency managing director of LSL are still \u2018\u00a326pcm higher than last January\u2019.<\/p>\n

Research monitored by \u2018Legal 4 Landlords<\/a>\u2019 reveals further evidence supporting the vital growth of the private rented sector indicated via the development of the buy-to-let products that are emerging on the market.\u00a0 The buy-to let market grew considerably in contrast to consumer mortgages in 2010.\u00a0 The Council of Mortgage Lenders (CML) reported a market growth of 7% in 2010, compared to 2009.\u00a0 Property investors and landlords are seeing enhanced products created to facilitate expanding portfolios along with new investment in the sector.<\/p>\n

Regardless of interest rate rises and housing benefit caps predicted to slow the growth, surface analysis may show some instability but the foundations have already been set by a stagnant housing market, unrealistic mortgages and a severe lack of available housing, which have lead to a massive growth in tenant-demand.\u00a0 As this year adapts to the changes, the PRS will find it\u2019s level and grow and adapt from this point.\u00a0 As a long-term investment, buy-to-let is set to be one of the few growth industries that will expand despite government policies and economic reform and changes.<\/p>\n

As a nation and a generation time is needed to adapt to a new mindset, primarily one of renting as opposed to home-ownership.\u00a0 Europe, Australia and the USA have not been hindered in the same way with the British obsession with property ownership and as a result enjoy a stable rental market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Latest landlord News by: Madalena Penny 2011 is yet to see the entire role, which will be placed on the private rented sector.\u00a0 A report by the National Housing Federation, who represents national Housing Associations, shows a bleak picture of social housing and affordable home-ownership. The \u2018Home Truths 2010\u2019 report has revealed that house-building levels […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[77,5,46],"yoast_head":"\nLegal 4 Landlords Predict Stable PRS Growth - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/legal-4-landlords-predict-stable-prs-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legal 4 Landlords Predict Stable PRS Growth - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"Latest landlord News by: Madalena Penny 2011 is yet to see the entire role, which will be placed on the private rented sector.\u00a0 A report by the National Housing Federation, who represents national Housing Associations, shows a bleak picture of social housing and affordable home-ownership. 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