Landlords’ property wealth on track to climb to £1 trillion in 2015

first_img Tags: NULL Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoElvenarAdvertisement #StayAtHome and Play this Fantasy Game. No Install.ElvenarUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo whatsapp Private landlords’ property is worth £930bn – and is set to reach £1 trillion next year on the sustained rise in UK house prices, according to estimates by Kent Reliance.London has seen the biggest rises in wealth over the past seven years.From 2007 to 2014, landlords in the capital saw the value of their properties leap 78 per cent, from £165.9bn to £377.3bn.Of the national rise in values, 61 per cent over the same period has come from London properties.Strong rents combined with a rising property market have given landlords an average return of £224,257 per property over the years since the financial crash – three times the returns seen in the rest of the UK.And that has accelerated in the past year, thanks to rocketing prices. The average return over the past year in London was 21.4 per cent, with 16.4 percentage points of that coming from price rises.“Private renting isn’t a flash in the pan, and 80 per cent of new households since 2001 have been accounted for in rental properties,” said Andy Golding, chief executive of OneSavings Bank which owns the Kent Reliance brand.“While for many it is a lifestyle choice, the ongoing squeeze on wages, rising house prices, not to mention difficulty in obtaining sufficient mortgage finance is accentuating this shift in tenure from owner-occupation to long-term renting.“In many ways, Britain is becoming a more normal nation, much more like its continental neighbours as a result.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap center_img Landlords’ property wealth on track to climb to £1 trillion in 2015 whatsapp Tim Wallace Thursday 6 November 2014 8:24 pm Sharelast_img

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