Iwas recently reading a report by Rightmove that a North South Divide has started to appear in the UK property market – so I wanted to see if Hitchin was falling in line with those thoughts. In the North, there are 7.12% less properties on the market than 12 months ago, whilst in contrast, in the South, there are 14.7% more properties on the market than 12 months ago. With the decline in the number...
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I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results. According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 households, whilst the owner occupied dwelling stock increased by 101,000 and social (aka council and housing association) stock increased...
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I am of the opinion that buy to let investment in Hitchin, in the long-term, will bring substantial returns for landlords, irrespective of latest regulation and tax changes. Taking a very conservative (with a small ‘c’) view, I believe landlords will see a projected net profit of £692,207 per property over the next 25 years through capital gains and rental. When inflation is taken into account that works out at £407,710 (in today’s money) or around...
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