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Revealed: The student towns that offer the highest buy-to-let returns

Buy-to-let landlords seeking high rental yields should consider buying properties to let to students in the north of England, research suggests. 

Of all the universities in England, Sunderland has been identified as offering the best rental yields, with low house prices - at an average of £65,200 – and moderate average rents producing a yield of 10.6%.

The analysis, which was undertaken by property crowdfunding platform Property Partner, found that buy-to-let investors’ interest in the student market unsurprisingly peaks at this time of year as students across the country prepare to leave home for university for the first-time.

Property Partner compiled a list of 86 university towns and cities across the UK, including Northern Ireland, ranked by net rental yield in each local property market. The cities of the North East performed best, with Sunderland topping the table, alongside Middlesbrough, with Newcastle also featured in the top ten.

Birmingham also ranks highly, with the campuses of Aston and Birmingham City University offer a enticing prospect for property investors. The average sold house price here is just £116,732, meaning purchase costs are relatively low, while the average net yield is a healthy 4.5% per year. With the new High Speed 2 train terminal set to be built right next door, investors could potentially enjoy strong capital returns in the long term.

High property prices in southern university centres of London, Brighton, Reading and Oxford make these cities less attractive to investors as they tend to offer low yields.

Dan Gandesha, CEO of Property Partner, commented: “In this era of ultra low rates and high market volatility, stable investments which provide a reliable income, and medium to long-term capital growth prospects are the holy grail.

“Property is a total returns investment, and until recently, it’s been a capital returns play. But with Brexit, the rules of the game are changing. Now our investors are increasingly focussed on the reliable income they can earn, month after month.

“Property Partner enables anyone to invest in residential property all over the country, providing one-click access to grandparents, parents, and their college-age children, so they can take their view on the property market, wherever they study.”

The table below ranks the UK’s top 20 university towns, by net annual rental income in each college postcode:

University town

Median Rent pcm

Gross annual rent

Average house price

Average gross annual yield %

Average net annual yield %

Sunderland

£575

£6,900

£65,201

10.6

6.9

Teesside (Middlesbrough)

£425

£5,100

£56,272

9.1

5.9

Aston + Birmingham City

£676

£8,112

£116,732

6.9

4.5

Salford

£750

£9,000

£131,863

6.8

4.4

Edinburgh

£1,101

£13,212

£197,010

6.7

4.4

Manchester Metropolitan

£895

£10,740

£160,315

6.7

4.4

Manchester

£750

£9,000

£135,174

6.7

4.3

Newcastle + Northumbria

£823

£9,876

£150,609

6.6

4.3

Nottingham + Nottingham Trent

£794

£9,528

£151,535

6.3

4.1

Coventry

£901

£10,812

£179,412

6.0

3.9

Bangor

£750

£9,000

£156,173

5.8

3.7

Huddersfield

£540

£6,480

£116,802

5.5

3.6

Portsmouth

£925

£11,100

£201,434

5.5

3.6

Queen's, Belfast

£802

£9,624

£183,505

5.2

3.4

Edge Hill (Ormskirk)

£1,040

£12,480

£239,298

5.2

3.4

Durham

£650

£7,800

£151,438

5.2

3.3

Southampton

£901

£10,812

£212,852

5.1

3.3

Cumbria (Carlisle)

£477

£5,724

£113,025

5.1

3.3

Leeds

£776

£9,312

£184,628

5.0

3.3

Median rent figures courtesy of Home.co.ukAverage price paid figures courtesy of Zoopla


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UK house price growth continues to slow, says Hometrack report

There has been a sharp slowdown in house price growth across all major cities in the south of England, but market activity levels and house prices in northern cities continue to surge, new figures show. 

Hometrack, which monitors residential property prices in 20 UK cities, said that overall house price growth over the last three months slowed to 9.5% in July after 12 months of higher growth, fuelled largely by a rapid de-acceleration in prices in London and other high value cities across the south of England.

In the three months to July, property prices in London increased by just 2.1%, the lowest quarterly rate since February 2015, while Bristol, which is the fastest growing city over the last 12 months, saw growth over the last three months slow to 2.6% from a recent high of 5% in May 2016.

“In the absence of adverse economic trends impacting employment and mortgage rates, the near term outlook is for a continued slowdown in London towards mid-single digit growth,” said Richard Donnell (below), insight director at Hometrack.

 He continued: “The slowdown in London is being seen  across the market is not accounted for by seasonal factors  with weaker demand from home owners and investors as  supply grows. This analysis suggests London house price  growth will continue to slow over the rest of the year.”

 In the last quarter, the highest rates of  growth have been  registered in lower value, high yielding cities, including  places like Glasgow, Liverpool, Manchester and Nottingham.

“Northern regional cities will continue to register stable growth rates as households’ benefit from record low mortgages rates and affordability remains attractive,” Donnell added. 

Aberdeen remains by far the worst performing housing market, but the annual rate of growth fell at a slower rate of -8.0% in July with prices up 2% in the last quarter, which suggests that the housing market may have adjusted to the impact of falling oil prices on demand over the last 12 months.

Donnell concluded: “We continue to believe that turnover will register the brunt of the slowdown in London. In the face of lower sales volumes agents will look to re-price stock in line with what buyers are prepared, and can afford to pay. Past experience shows that this process can run for as long as six months and relies, in part, in how quickly sellers are willing to adjust to what buyers are prepared to pay.”

City

Average price

% yoy  July 2016

% last quarter to July 2016

Glasgow

£115,200

5.3%

5.2%

Oxford

£416,000

10.1%

4.7%

Liverpool

£113,400

7.7%

4.4%

Nottingham

£137,900

7.4%

3.4%

Manchester

£147,700

8.4%

3.4%

Edinburgh

£203,600

2.7%

3.1%

Leicester

£152,700

7.4%

3.0%

Newcastle

£127,400

4.2%

2.8%

Sheffield

£129,600

4.1%

2.8%

Bristol

£254,500

14.0%

2.6%

Portsmouth

£216,200

8.9%

2.2%

Birmingham

£143,300

7.6%

2.1%

London

£476,600

11.7%

2.1%

Aberdeen

£184,600

-8.0%

2.1%

Leeds

£151,500

7.3%

2.1%

Cardiff

£189,200

7.1%

1.7%

Southampton

£213,300

8.3%

1.7%

Bournemouth

£262,600

6.6%

0.6%

Belfast

£122,700

2.8%

0.1%

Cambridge

£404,500

7.1%

-1.0%

20 city index

£240,000

9.5%

3.2%

UK

£202,400

8.1%

2.6%

 

 


Article courtesy of Property Investor Today | Sign up for Property Investor Today newsletter | Get this news on YOUR site!



Property auction dates for September 2016

Here are details of the property auctions taking place in September.


01/09/2016         Harrison Coward              Cumbria

01/09/2016         West Yorkshire Property Auction - iam-sold         West Yorkshire

01/09/2016         Savills (Nottingham)       Nottinghamshire


06/09/2016         Cottons                West Midlands

06/09/2016         Mark Jenkinson & Son   South Yorkshire

06/09/2016         Auction House Manchester         Lancashire

06/09/2016         Seel & Co             South Glamorgan

06/09/2016         Auction House Hertfordshire & West Essex         Hertfordshire

06/09/2016         Auction House Essex      Essex


07/09/2016         Auction House South Yorkshire South Yorkshire

07/09/2016         Parsons Son & Basley     East Sussex

07/09/2016         Auction House Copelands            Derbyshire

07/09/2016         Wallace Jones    Nottinghamshire

07/09/2016         Regional Property Auctioneers  South Yorkshire

07/09/2016         Clee Tompkinson Francis              West Glamorgan

07/09/2016         Auction House Cheshire & North Wales Cheshire

07/09/2016         Bury & Hilton     Staffordshire

07/09/2016         Auction House Lincolnshire, North Notts & South Yorks Lincolnshire

07/09/2016         Auction House West Yorkshire   West Yorkshire


08/09/2016         SDL Bigwood      West Midlands

08/09/2016         SDL Graham Penny Derby            Derbyshire

08/09/2016         Bramleys             West Yorkshire

08/09/2016         Great North Property Auction - iam-sold               County Durham

08/09/2016         Nancekivell & Co             

08/09/2016         Wilsons (Scotland)           Ayrshire

08/09/2016         Paul Fosh Auctions          South Glamorgan

08/09/2016         Cobb Amos         Herefordshire

08/09/2016         Morgan & Davies             Dyfed

08/09/2016         Auction House North Wales        Bangor

08/09/2016         Auction House Sussex   East Sussex

08/09/2016         Auction House Lancashire            Lancashire


10/09/2016         Cobb Amos         Herefordshire


12/09/2016         Clive Emson Essex, North & East London               Essex

12/09/2016         Boot & Son         Staffordshire

12/09/2016         Venmore Auctions          Merseyside

12/09/2016         REA Munster Auction     County Limerick

12/09/2016         Butters John Bee             Staffordshire

12/09/2016         Barnard Marcus                London


13/09/2016         Sharpes                West Yorkshire

13/09/2016         Clive Emson Sussex & Surrey      East Sussex

13/09/2016         Auction House North East            County Durham

13/09/2016         Auction House Stephenson & Son            North Yorkshire

13/09/2016         Countrywide Property Auctions                London

13/09/2016         Pugh & Company             Lancashire

13/09/2016         Phipps & Pritchard           Worcestershire

13/09/2016         McCartneys        Worcestershire


14/09/2016         Darlows                Cardiff

14/09/2016         Auction House South Wales        South Glamorgan

14/09/2016         Clive Emson Kent & South East London  Kent

14/09/2016         Edward Mellor Auctions                Lancashire

14/09/2016         SVA Property Auctions Ltd           Lanarkshire

14/09/2016         Andrew Kelly Auctions  Lancashire

14/09/2016         Wood's Auctioneers       Devon

14/09/2016         Rendells Newton Abbot               Devon

14/09/2016         Hunters Property Auctions          North Yorkshire

14/09/2016         Phillip Arnold Auctions (Formerly Brendons Auctioneers)              London

14/09/2016         Auction House London  London

14/09/2016         Network Auctions           London


15/09/2016         Allsop Residential            London

15/09/2016         Pugh & Company             West Yorkshire

15/09/2016         SDL Graham Penny Nottingham                Nottinghamshire

15/09/2016         Clive Emson West Country           Cornwall

15/09/2016         Auction House East Anglia            Suffolk

15/09/2016         Wright Marshall Tarporley            Cheshire

15/09/2016         Auction House East Anglia            Norfolk

15/09/2016         Sutton Kersh Auctions   Merseyside

15/09/2016         Auction House Cumbria                Cumbria

15/09/2016         Auction House Cumbria                Cumbria

15/09/2016         Strakers               Wiltshire

15/09/2016         Loveitts                West Midlands

15/09/2016         Fox & Sons (Southampton)         Hampshire

15/09/2016         Thompson Wilson Estate Agents and Auctioneers            Buckinghamshire


16/09/2016         JJ Morris Fishguard          Dyfed

16/09/2016         Auction House East Anglia            Norfolk

16/09/2016         BRG Gibson        County Antrim

16/09/2016         Clive Emson Hampshire & Isle of Wight  Hampshire


19/09/2016         Savills (London - National)            London

19/09/2016         Bagshaws Bakewell         Derbyshire

19/09/2016         Rendells Chagford           Devon


20/09/2016         Countrywide Property Auctions                South Yorkshire

20/09/2016         North West Property Auction - iam-sold                Lancashire

20/09/2016         Cumbrian Properties - The Agents Property Auction        Cumbria

20/09/2016         REA Leinster Auction      County Kildare

20/09/2016         David Plaister Ltd             Avon

20/09/2016         Stags Honiton    Somerset

20/09/2016         Stags Taunton   Somerset

20/09/2016         Stags Wellington              Somerset

20/09/2016         The County Property Auction     Lincolnshire

20/09/2016         Kivells Callington              Cornwall

20/09/2016         Andrew Grant   Worcestershire


21/09/2016         East Midland Property Auction - iam-sold             Lincolnshire

21/09/2016         Smith & Sons     Merseyside

21/09/2016         Fisher German Denton Clark       Cheshire

21/09/2016         Shonki Brothers (London Road) Leicestershire

21/09/2016         Allitt Auctioneers             Lancashire

21/09/2016         Bagshaws Leek Staffordshire

21/09/2016         Graham Watkins & Co    Staffordshire

21/09/2016         Tayler & Fletcher Bourton            Gloucestershire

21/09/2016         Tayler & Fletcher Stow on the Wold        Gloucestershire

21/09/2016         Bagshaws Uttoxeter       Staffordshire

21/09/2016         Steve Gooch      Gloucester

21/09/2016         Astleys West Glamorgan

21/09/2016         Romans                Berkshire

21/09/2016         Auction House Devon & Cornwall             Devon


22/09/2016         North West Property Auction - iam-sold                Lancashire

22/09/2016         Tamlyn & Son    Somerset

22/09/2016         Morris Marshall & Poole               Powys

22/09/2016         Auction House Bristol & Somerset North               Bristol

22/09/2016         Whittaker & Biggs - Macclesfield               Cheshire

22/09/2016         McCartneys        Shropshire

22/09/2016         Nesbits Hampshire

22/09/2016         Wilsons (Scotland)           Ayrshire

22/09/2016         Besley Hill            Avon

22/09/2016         Whittaker & Biggs - Congleton   Cheshire

22/09/2016         Countrywide Property Auctions                Devon

22/09/2016         Bowen Son & Watson    Shropshire

22/09/2016         Greenslade Taylor Hunt Langport             Somerset

22/09/2016         Kivells Launceston           Cornwall

22/09/2016         Whittaker & Biggs - Biddulph      Staffordshire

22/09/2016         Nock Deighton  Shropshire

22/09/2016         Cooke & Arkwright         

22/09/2016         Durrants              Suffolk

22/09/2016         Boultons              West Yorkshire

22/09/2016         Gascoigne Halman Altrincham    Cheshire

22/09/2016         Andrews & Robertson   London


23/09/2016         Phillips Smith & Dunn Barnstaple              Devon

23/09/2016         Phillips Smith & Dunn Bideford  Devon

23/09/2016         Phillips Smith & Dunn Braunton Devon

23/09/2016         Phillips Smith & Dunn Torrington               Devon

23/09/2016         Auction House Symonds & Sampson       Dorset

23/09/2016         DNG Maxwell Heaslip & Leonard             


 

27/09/2016         O'Donnellan & Joyce     

27/09/2016         Cooper & Tanner Glastonbury   Somerset

27/09/2016         Maggs & Allen   Avon

27/09/2016         Cooper & Tanner Auctions           Somerset

27/09/2016         Cooper & Tanner Wells Somerset

27/09/2016         Bagshaws Residential     Derbyshire

27/09/2016         Pattinson Property Auctions       Tyne and Wear

27/09/2016         Gwilym Richards & Co    Gloucestershire

27/09/2016         John Earle & Son              West Midlands

27/09/2016         Greenslade Taylor Hunt Chard   Somerset

27/09/2016         Greenslade Taylor Hunt Taunton              Somerset


28/09/2016         Fisher German Bromsgrove        Gloucestershire

28/09/2016         Cheffins               Cambridgeshire

28/09/2016         Pattinson Property Auctions       Tyne and Wear

28/09/2016         Hollis Morgan    Avon

28/09/2016         Goldings              Suffolk

28/09/2016         John Pallister     North Yorkshire

28/09/2016         R.G & R.B Williams           Herefordshire

28/09/2016         Auction House Northamptonshire           Northamptonshire

28/09/2016         Lansdowne Property Auctions   London

28/09/2016         MAC Property Auctions                Lincolnshire

28/09/2016         Allsop Ireland   


29/09/2016         John Shepherd Chartered Surveyors      West Midlands

29/09/2016         SDL Graham Penny Leicester      Leicestershire

29/09/2016         Morgan Evans   Gwynedd

29/09/2016         Miller Metcalfe Lancashire

29/09/2016         Feather Smailes & Scales              North Yorkshire

29/09/2016         Moore Allen & Innocent               Gloucestershire

29/09/2016         Hair & Son           Essex

29/09/2016         Pughs    Herefordshire

29/09/2016         MS Auctions       London

29/09/2016         Harman Healy    London

29/09/2016         Shouler & Son   Leicestershire

29/09/2016         Walker Singleton              West Yorkshire


30/09/2016         John Francis       Dyfed

30/09/2016         Metcalf's             Lancashire

30/09/2016         Greenslade Taylor Hunt Taunton              Somerset

30/09/2016         Greenslade Taylor Hunt Tiverton              Devon

30/09/2016         Woolley & Wallis              Wiltshire


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Spanish property sales increase significantly

There has been a sharp rise in the number of homes sold in Spain as more buyers, including investors, look to take advantage of the gradual recovery in the Spanish housing market. 

The latest data published by the National Statistics Institute reveals that there was a 20% increase in the volume of Spanish homes sold in June compared with the same month last year which led to the greatest number of private property transactions since January 2013.

In total, there were 36,856 sales across the period, which became the fifth consecutive month to see a year-on-year rise.

The jump was led by second-hand homes, which accounted for more than 30,000 of the sales, with many purchasers opting to acquire homes in coastal locations.

Andalucia recorded the highest volume of property sales at 7,496, while there was also a notable rise in number of homes changing hands in the Balearic Islands, Valencia and the Canary Islands. 

Separate figures from the General Council of Notaries also show sales and mortgage lending continuing to recover.

There were 42,330 home sales recorded by notaries in June, up 7.1% in a year, which the notaries once again say reflects “the underlying trend towards recovery in the property market”.

But despite the pick-up, the average price of a home in Spain is still falling, down 1.9% year-on-year to an average of €1,290sqm (£1,099pcm).

“The national average disguises big differences between local markets and segments, with prices stable or rising in markets with strong demand in cities and on the coast, whilst falling in many parts of the interior,” said Mark Stucklin of Spanish Property Insight.


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Property auction dates for September 2016

Here are details of the property auctions taking place in September.


01/09/2016         Harrison Coward              Cumbria

01/09/2016         West Yorkshire Property Auction - iam-sold         West Yorkshire

01/09/2016         Savills (Nottingham)       Nottinghamshire


06/09/2016         Cottons                West Midlands

06/09/2016         Mark Jenkinson & Son   South Yorkshire

06/09/2016         Auction House Manchester         Lancashire

06/09/2016         Seel & Co             South Glamorgan

06/09/2016         Auction House Hertfordshire & West Essex         Hertfordshire

06/09/2016         Auction House Essex      Essex


07/09/2016         Auction House South Yorkshire South Yorkshire

07/09/2016         Parsons Son & Basley     East Sussex

07/09/2016         Auction House Copelands            Derbyshire

07/09/2016         Wallace Jones    Nottinghamshire

07/09/2016         Regional Property Auctioneers  South Yorkshire

07/09/2016         Clee Tompkinson Francis              West Glamorgan

07/09/2016         Auction House Cheshire & North Wales Cheshire

07/09/2016         Bury & Hilton     Staffordshire

07/09/2016         Auction House Lincolnshire, North Notts & South Yorks Lincolnshire

07/09/2016         Auction House West Yorkshire   West Yorkshire


08/09/2016         SDL Bigwood      West Midlands

08/09/2016         SDL Graham Penny Derby            Derbyshire

08/09/2016         Bramleys             West Yorkshire

08/09/2016         Great North Property Auction - iam-sold               County Durham

08/09/2016         Nancekivell & Co             

08/09/2016         Wilsons (Scotland)           Ayrshire

08/09/2016         Paul Fosh Auctions          South Glamorgan

08/09/2016         Cobb Amos         Herefordshire

08/09/2016         Morgan & Davies             Dyfed

08/09/2016         Auction House North Wales        Bangor

08/09/2016         Auction House Sussex   East Sussex

08/09/2016         Auction House Lancashire            Lancashire


10/09/2016         Cobb Amos         Herefordshire


12/09/2016         Clive Emson Essex, North & East London               Essex

12/09/2016         Boot & Son         Staffordshire

12/09/2016         Venmore Auctions          Merseyside

12/09/2016         REA Munster Auction     County Limerick

12/09/2016         Butters John Bee             Staffordshire

12/09/2016         Barnard Marcus                London


13/09/2016         Sharpes                West Yorkshire

13/09/2016         Clive Emson Sussex & Surrey      East Sussex

13/09/2016         Auction House North East            County Durham

13/09/2016         Auction House Stephenson & Son            North Yorkshire

13/09/2016         Countrywide Property Auctions                London

13/09/2016         Pugh & Company             Lancashire

13/09/2016         Phipps & Pritchard           Worcestershire

13/09/2016         McCartneys        Worcestershire


14/09/2016         Darlows                Cardiff

14/09/2016         Auction House South Wales        South Glamorgan

14/09/2016         Clive Emson Kent & South East London  Kent

14/09/2016         Edward Mellor Auctions                Lancashire

14/09/2016         SVA Property Auctions Ltd           Lanarkshire

14/09/2016         Andrew Kelly Auctions  Lancashire

14/09/2016         Wood's Auctioneers       Devon

14/09/2016         Rendells Newton Abbot               Devon

14/09/2016         Hunters Property Auctions          North Yorkshire

14/09/2016         Phillip Arnold Auctions (Formerly Brendons Auctioneers)              London

14/09/2016         Auction House London  London

14/09/2016         Network Auctions           London


15/09/2016         Allsop Residential            London

15/09/2016         Pugh & Company             West Yorkshire

15/09/2016         SDL Graham Penny Nottingham                Nottinghamshire

15/09/2016         Clive Emson West Country           Cornwall

15/09/2016         Auction House East Anglia            Suffolk

15/09/2016         Wright Marshall Tarporley            Cheshire

15/09/2016         Auction House East Anglia            Norfolk

15/09/2016         Sutton Kersh Auctions   Merseyside

15/09/2016         Auction House Cumbria                Cumbria

15/09/2016         Auction House Cumbria                Cumbria

15/09/2016         Strakers               Wiltshire

15/09/2016         Loveitts                West Midlands

15/09/2016         Fox & Sons (Southampton)         Hampshire

15/09/2016         Thompson Wilson Estate Agents and Auctioneers            Buckinghamshire


16/09/2016         JJ Morris Fishguard          Dyfed

16/09/2016         Auction House East Anglia            Norfolk

16/09/2016         BRG Gibson        County Antrim

16/09/2016         Clive Emson Hampshire & Isle of Wight  Hampshire


19/09/2016         Savills (London - National)            London

19/09/2016         Bagshaws Bakewell         Derbyshire

19/09/2016         Rendells Chagford           Devon


20/09/2016         Countrywide Property Auctions                South Yorkshire

20/09/2016         North West Property Auction - iam-sold                Lancashire

20/09/2016         Cumbrian Properties - The Agents Property Auction        Cumbria

20/09/2016         REA Leinster Auction      County Kildare

20/09/2016         David Plaister Ltd             Avon

20/09/2016         Stags Honiton    Somerset

20/09/2016         Stags Taunton   Somerset

20/09/2016         Stags Wellington              Somerset

20/09/2016         The County Property Auction     Lincolnshire

20/09/2016         Kivells Callington              Cornwall

20/09/2016         Andrew Grant   Worcestershire


21/09/2016         East Midland Property Auction - iam-sold             Lincolnshire

21/09/2016         Smith & Sons     Merseyside

21/09/2016         Fisher German Denton Clark       Cheshire

21/09/2016         Shonki Brothers (London Road) Leicestershire

21/09/2016         Allitt Auctioneers             Lancashire

21/09/2016         Bagshaws Leek Staffordshire

21/09/2016         Graham Watkins & Co    Staffordshire

21/09/2016         Tayler & Fletcher Bourton            Gloucestershire

21/09/2016         Tayler & Fletcher Stow on the Wold        Gloucestershire

21/09/2016         Bagshaws Uttoxeter       Staffordshire

21/09/2016         Steve Gooch      Gloucester

21/09/2016         Astleys West Glamorgan

21/09/2016         Romans                Berkshire

21/09/2016         Auction House Devon & Cornwall             Devon


22/09/2016         North West Property Auction - iam-sold                Lancashire

22/09/2016         Tamlyn & Son    Somerset

22/09/2016         Morris Marshall & Poole               Powys

22/09/2016         Auction House Bristol & Somerset North               Bristol

22/09/2016         Whittaker & Biggs - Macclesfield               Cheshire

22/09/2016         McCartneys        Shropshire

22/09/2016         Nesbits Hampshire

22/09/2016         Wilsons (Scotland)           Ayrshire

22/09/2016         Besley Hill            Avon

22/09/2016         Whittaker & Biggs - Congleton   Cheshire

22/09/2016         Countrywide Property Auctions                Devon

22/09/2016         Bowen Son & Watson    Shropshire

22/09/2016         Greenslade Taylor Hunt Langport             Somerset

22/09/2016         Kivells Launceston           Cornwall

22/09/2016         Whittaker & Biggs - Biddulph      Staffordshire

22/09/2016         Nock Deighton  Shropshire

22/09/2016         Cooke & Arkwright         

22/09/2016         Durrants              Suffolk

22/09/2016         Boultons              West Yorkshire

22/09/2016         Gascoigne Halman Altrincham    Cheshire

22/09/2016         Andrews & Robertson   London


23/09/2016         Phillips Smith & Dunn Barnstaple              Devon

23/09/2016         Phillips Smith & Dunn Bideford  Devon

23/09/2016         Phillips Smith & Dunn Braunton Devon

23/09/2016         Phillips Smith & Dunn Torrington               Devon

23/09/2016         Auction House Symonds & Sampson       Dorset

23/09/2016         DNG Maxwell Heaslip & Leonard             


 

27/09/2016         O'Donnellan & Joyce     

27/09/2016         Cooper & Tanner Glastonbury   Somerset

27/09/2016         Maggs & Allen   Avon

27/09/2016         Cooper & Tanner Auctions           Somerset

27/09/2016         Cooper & Tanner Wells Somerset

27/09/2016         Bagshaws Residential     Derbyshire

27/09/2016         Pattinson Property Auctions       Tyne and Wear

27/09/2016         Gwilym Richards & Co    Gloucestershire

27/09/2016         John Earle & Son              West Midlands

27/09/2016         Greenslade Taylor Hunt Chard   Somerset

27/09/2016         Greenslade Taylor Hunt Taunton              Somerset


28/09/2016         Fisher German Bromsgrove        Gloucestershire

28/09/2016         Cheffins               Cambridgeshire

28/09/2016         Pattinson Property Auctions       Tyne and Wear

28/09/2016         Hollis Morgan    Avon

28/09/2016         Goldings              Suffolk

28/09/2016         John Pallister     North Yorkshire

28/09/2016         R.G & R.B Williams           Herefordshire

28/09/2016         Auction House Northamptonshire           Northamptonshire

28/09/2016         Lansdowne Property Auctions   London

28/09/2016         MAC Property Auctions                Lincolnshire

28/09/2016         Allsop Ireland   


29/09/2016         John Shepherd Chartered Surveyors      West Midlands

29/09/2016         SDL Graham Penny Leicester      Leicestershire

29/09/2016         Morgan Evans   Gwynedd

29/09/2016         Miller Metcalfe Lancashire

29/09/2016         Feather Smailes & Scales              North Yorkshire

29/09/2016         Moore Allen & Innocent               Gloucestershire

29/09/2016         Hair & Son           Essex

29/09/2016         Pughs    Herefordshire

29/09/2016         MS Auctions       London

29/09/2016         Harman Healy    London

29/09/2016         Shouler & Son   Leicestershire

29/09/2016         Walker Singleton              West Yorkshire


30/09/2016         John Francis       Dyfed

30/09/2016         Metcalf's             Lancashire

30/09/2016         Greenslade Taylor Hunt Taunton              Somerset

30/09/2016         Greenslade Taylor Hunt Tiverton              Devon

30/09/2016         Woolley & Wallis              Wiltshire


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Housebuilding continues to fall well short of demand

There was a rise in the volume of housebuilding schemes started in England in the run-up to the EU referendum but the actual number of homes completed continued to fall, which suggests that the government is not on course to deliver the 1m new build homes in England pledged by 2020.

The mounting supply-demand imbalance in the market has contributed significantly to higher property prices and rents across many parts of the country, with the latest rental price data from the Office for National Statistics (ONS) revealing that rents in the private rented sector rose by 2.4% across the UK in the 12 months to July. 

According to newly released data from the Department for Communities and Local Government (DCLG), there were 34,920 homes completed in the April-to-June quarter, up 7% on the previous three months but down 2% on a year earlier. In the year to June, 139,030 homes were completed, up 6% year-on-year.

Mortgage lender LendInvest said that figures showed housebuilding was falling well short of the government’s target of building 200,000 new homes a year to help address England’s severe housing shortage.

“At the current rate [of modest housebuilding], we will fall well short of the government’s target of one million new homes by 2020, and fail to make inroads into the sharp housing shortage in the UK,” said Rod Lockhart, managing director at LendInvest, who believes that the onus is now on the government to “jumpstart” the housebuilding industry.

He continued: “The large housebuilders are not keen to do more, so efforts must be focused on small and medium-sized builders. The rumoured £5 billion Home Building Fund is a good start, but finance is not the only area holding these builders back. More has to be done to reduce the complexities of the planning system and open up access to land to build on.”

The coming Autumn Statement presents the government with the perfect opportunity to announce fresh measures to support housebuilders in their quest to build significantly more homes, according to Andy Hill, chief executive at Hill, which focuses on developing homes in London and the south east of England.

Hill commented: “The country is facing a major housing shortage, and it is more important than ever that the government supports both first-time buyers and housebuilders in the coming Autumn Statement, so that we can continue to build more new homes and get more people on to the housing ladder.” 

Despite general disappointment about the number of new homes completed, the response to the volume of builds started in England was far more positive.

It is estimated that 36,400 new homes were started in Q2, a 2% increase on the quarter and a 6% rise on the year, according to the figures from the DCLG.

“The data shows that despite all the claims in the run-up to the referendum campaign, the construction of new homes remained steady in Q2, with housebuilding starts up 2% on Q1 and up 6% on the same time last year,” said Paul Smith, CEO of haart estate agents.

It seems housebuilders were busy ploughing ahead with new sites despite the referendum noise, because the demand for new homes remained high,” he added. 


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Modular Build to Rent scheme gets underway

Construction of a unique south London housing scheme has got underway in a factory in Shropshire.  

The modular construction by Elements Europe, a modular specialist, will see 249 homes developed for rent in Greenwich, with each module completed within seven days.

Partnered with Essential Living, the Creekside Wharf development will be one of the first Build to Rent schemes developed this way.

Elements has more than a decade’s experience creating hotels, housing for sale and purpose built student housing. From the 200,000 sq ft Telford-based factory, Elements will send 632 modules to Creekside Wharf - at a rate of 20 a week - from February 2017.

“Modular solutions have been used for many years throughout the hotel and student accommodation sectors and our entry into the build to rent market is just a natural progression, bringing homes forward sooner, reducing capital construction costs, and improving the quality and safety of delivery,” said Simon Underwood, managing director at Elements Europe.

The steel-framed modules will fit around the scheme’s concrete core in order to give the project lateral stability while the stacked modules carry its weight back to the ground – exactly the same as a conventional office block.

Elements will use traditional construction methods in a controlled factory environment where 60% of the total work is carried out, with a view to halving the time spent on site to 32 weeks. This strategy should allow the development to be finished more quickly since modules can be completed while works begin onsite, according to Russell Pedley, director of Assael Architecture, which designed the Creekside Wharf project.

He explained: “Offsite methods are ideally suited to build to rent, offering faster delivery, higher energy efficiency and complementing a longer term outlook not constrained by the absorption rates of build for sale.” 

At 23 storeys tall, Creekside Wharf will also be one of the tallest modular buildings in the UK. The scheme will also be the first in the country to cater for families, with buggy storage, acoustic noise insulation and an on-site nursery for parents with young children.

Ray Theakston, construction director at Essential Living, said: “We’re pleased to be able to appoint Elements, veterans of the modular world, on what promises to be an innovative scheme in Greenwich. Having the potential to collect rent six months earlier than a traditional build is appealing. This is achievable because you can commence work on the modules off site at the same time as constructing the traditional concrete core on site - which the steel-framed modules then plug into.

“We’re creating a portfolio of 5,000 rental homes across London and the South East. Modular may well play a role in some of our future schemes, but it’s important to stress that we remain committed to working with traditional contractors who will continue to play a key role in delivering our projects.”


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Revealed: The student towns that offer the highest buy-to-let returns

Buy-to-let landlords seeking high rental yields should consider buying properties to let to students in the north of England, research suggests. 

Of all the university in England, Sunderland has been identified as offering the best rental yields, with low house prices - at an average of £65,200 – and moderate average rents producing a yield of 10.6%.

The analysis, which was undertaken by property crowdfunding platform Property Partner, found that buy-to-let investors’ interest in the student market unsurprisingly peaks at this time of year as students across the country prepare to leave home for university for the first-time.

Property Partner compiled a list of 86 university towns and cities across the UK, including Northern Ireland, ranked by net rental yield in each local property market. The cities of the North East performed best, with Sunderland topping the table, alongside Middlesbrough, with Newcastle also featured in the top ten.

Birmingham also ranks highly, with the campuses of Aston and Birmingham City University offer a enticing prospect for property investors. The average sold house price here is just £116,732, meaning purchase costs are relatively low, while the average net yield is a healthy 4.5% per year. With the new High Speed 2 train terminal set to be built right next door, investors could potentially enjoy strong capital returns in the long term.

High property prices in southern university centres of London, Brighton, Reading and Oxford make these cities less attractive to investors as they place yields are low.

Dan Gandesha, CEO of Property Partner, commented: “In this era of ultra low rates and high market volatility, stable investments which provide a reliable income, and medium to long-term capital growth prospects are the holy grail.

“Property is a total returns investment, and until recently, it’s been a capital returns play. But with Brexit, the rules of the game are changing. Now our investors are increasingly focussed on the reliable income they can earn, month after month.

“Property Partner enables anyone to invest in residential property all over the country, providing one-click access to grandparents, parents, and their college-age children, so they can take their view on the property market, wherever they study.”

The table below ranks the UK’s top 20 university towns, by net annual rental income in each college postcode:

University town

Median Rent pcm

Gross annual rent

Average house price

Average gross annual yield %

Average net annual yield %

Sunderland

£575

£6,900

£65,201

10.6

6.9

Teesside (Middlesbrough)

£425

£5,100

£56,272

9.1

5.9

Aston + Birmingham City

£676

£8,112

£116,732

6.9

4.5

Salford

£750

£9,000

£131,863

6.8

4.4

Edinburgh

£1,101

£13,212

£197,010

6.7

4.4

Manchester Metropolitan

£895

£10,740

£160,315

6.7

4.4

Manchester

£750

£9,000

£135,174

6.7

4.3

Newcastle + Northumbria

£823

£9,876

£150,609

6.6

4.3

Nottingham + Nottingham Trent

£794

£9,528

£151,535

6.3

4.1

Coventry

£901

£10,812

£179,412

6.0

3.9

Bangor

£750

£9,000

£156,173

5.8

3.7

Huddersfield

£540

£6,480

£116,802

5.5

3.6

Portsmouth

£925

£11,100

£201,434

5.5

3.6

Queen's, Belfast

£802

£9,624

£183,505

5.2

3.4

Edge Hill (Ormskirk)

£1,040

£12,480

£239,298

5.2

3.4

Durham

£650

£7,800

£151,438

5.2

3.3

Southampton

£901

£10,812

£212,852

5.1

3.3

Cumbria (Carlisle)

£477

£5,724

£113,025

5.1

3.3

Leeds

£776

£9,312

£184,628

5.0

3.3

Median rent figures courtesy of Home.co.ukAverage price paid figures courtesy of Zoopla


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Spanish property sales increase significantly

There has been a sharp rise in the number of homes sold in Spain as more buyers, including investors, look to take advantage of the gradual recovery in Spanish housing market. 

The latest data published by the National Statistics Institute reveals that there was a 20% increase in the volume of Spanish homes sold in June compared with the same month last year which led to greatest number of private property transactions since January 2013.

In total, there were 36,856 sales across the period, which became the fifth consecutive month to see a year-on-year rise.

The jump was led by second-hand homes, which accounted for more than 30,000 of the sales, with many purchasers opting to acquire homes in coastal locations.

Andalucia recorded the highest volume of property sales at 7,496, while there was also a notable rise in number of homes changing hands in the Balearic Islands, Valencia and the Canary Islands. 

Separate figures from the General Council of Notaries also show sales and mortgage lending continuing to recover.

There were 42,330 home sales recorded by notaries in June, up 7.1% in a year, which the notaries once again say reflects “the underlying trend towards recovery in the property market”.

But despite the pick-up, the average price of a home in Spain is still falling, down 1.9% year-on-year to an average of €1,290sqm (£1,099).

“The national average disguises big differences between local markets and segments, with prices stable or rising in markets with strong demand in cities and on the coast, whilst falling in many parts of the interior,” said Mark Stucklin of Spanish Property Insight.


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US house prices up 1.2%

Residential property prices in the US rose by 1.2% in the second quarter of the year as housing demand failed to keep up with shrinking inventory, according to the Federal Housing Finance Agency (FHFA) House Price Index.

During Q2, home prices increased in every state except Vermont. The biggest quarter-on-quarter gains were witnessed in Oregon, Washington, Colorado, and Florida.

But the rate of home price gains actually marks a slowdown compared with recent growth levels, as reflected by FHFA’s seasonally adjusted monthly index for June which was up 0.2% from May, “a much more modest pace of appreciation than we’ve seen in some time”, according to Andrew Leventis, FHFA supervisory economist.

The June index of 0.2% was below economists’ forecast of 0.3%, and Leventis said that the slowdown in the market reflects mounting pressures from falling home affordability.

He added: “Although the appreciation rate for the second quarter was of similar magnitude to what we've been seeing for several years now, a close look at the month-over-month price changes during the quarter reveals a potentially significant market shift.” 


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