In this month’s newsletter:
- Watford networking ‘How to locate 5 new Landlords every month and keep them’
- New property auction website
- Short report on property rental market
Watfords Park Inn Hotel is the venue for Mike Samuels’ Residential Property Networking Event on Monday 9th July from 7pm.
Last month’s meeting was informative and friendly and we all made new contacts.
This month’s topic will be:
‘How to locate 5 new landlords a month and keep them’
At 7pm there will be registration and networking followed by a seminar some Q and A, food and more networking.
The cost is £25 per person and please complete the form to book. www.greatoakcapital.co.uk/bookings
Please book early to help with catering and if you would like to sponsor this or one of our other events contact mikes@greatoakcapital.co.uk
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Over the past 30 years I have been a regular at property auctions nationally and I cannot understand why vendors don’t use this medium for selling as they do in other countries especially Australia.
I love the internet, and have several websites, so I jumped at the opportunity of being involved with a new exciting venture which gives the following benefits:
- Introducing agents keep ALL their commissions
- The auctioneers charge a modest buyers premium
- The auctions can start immediately the paperwork submitted is approved
- Last second bidders are thwarted as the finish time extends by 10 minutes
- No entry fees
The site is under test and should be launched during August.
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It was recently reported that residential rental values in the UK have grown consistently since 2009 as the problem of unaffordable mortgage finance and large deposits required by lenders remain a barrier to home ownership leaving many potential buyers turning to the rental market.
Significantly, supply of property to the market continues to grow, albeit at a slower pace, with 7 per cent more surveyors reporting increases rather than decreases in landlords looking to let their properties.
Unsurprisingly, with rental values steadily increasing, landlords’ gross yields also continued to grow during the early part of the year, although the pace of growth has begun to slow.
This was the case in every part of the UK with the exception of London where tenant demand also saw a slight downturn.
Looking ahead, surveyors remain positive that the market will remain buoyant over the next three months. Across the UK, all areas expect rents to continue to increase.