How to cash in on the rental boom
Article Abstract:
The United Kingdom real estate market offers potential for long-term investments and buying to let has become popular in 1998. Buyers are reluctant to take on large mortgages, so demand has slackened except for cheaper properties, while supply has increased. Developers catering to foreign buyers in London have found that they have to sell to UK buyers. Finance is available for buy to let schemes. Higher yields can be obtained from apartments than from houses. Investors should look for areas where rental demand is high and supply is less than demand.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Hacas set to benefit from growth in social housing
Article Abstract:
Hacas is a British social housing consultancy that established its operations in 1978. Hacas is the leading outsourcing and consulting body used by British housing associations. The housing association sector is growing and the government has promised to provide funds for social housing. Social housing provides some protection from business cycles. The company reversed into General Industries in July 1998.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Calling time on the gazumping racket
Article Abstract:
The British government has released proposals for changes to house sales. Gazumping involves would-be buyers losing a purchase because the vendor accepts a higher price. The government proposes that sellers should prepare a pack for buyers including land searches and a survey, and this could cut transaction times and gazumping risks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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