Letting & property rental market news

The place where you can read the latest news about property rental and buy to let property market and to find links toward the popular lettings related blogs.

Interims propel Delek Global higherLONDON (SHARECAST) - Delek Global Real Estate, which owns properties including NCP car parks and Marriot Hotels, recovered a large chunk of its recent losses following strong maiden interim results. Net profit after tax before the minority interest for the six months ended 30 June was ??43.5m and ??18.8m after tax and exceptional items, up from ??14.5m a year earlier. The real estate investor, floated in London in April, said its net asset value on 30 June this year was ??611m and net assets per share were 230p.sharecast.com

AJ PropertiesA J Properties are the leading residential property management specialists in Rochdale and its surrounding areas. Founded in 1998, A J Properties have expanded to become one of the areas most respected companies in this field. Our staff members have been selected and trained to be professionally qualified in all areas of property management, to deal with the selection and vetting of tenants, issuing legal documentation, legal complications, rent arrears, rent reviews, property inspections, schedule of conditions, property repairs and maintenance.rochdaleonline.co.uk

Beware of 'desperately'Residential Landlord, the premier and complete information website for landlords and property investors with UK rental property investments. Established in 2003, Residential Landlord is the most targeted website for landlords, bringing the most relevant and up to date rental property investment news, information, advice and investment opportunities available. The current demand for rental property in the UK is so strong that many agents are running out of properties to offer waiting tenants and are slashing their letting and management fees in a desperate bid to attract landlords.residentiallandlord.co.uk

PM, Mon 20th Aug - Landlords must learn to minimise void periodsHigher interest rates mean higher costs for buy-to-let landlords, many of whom will be considering raising rents to try to improve their yields. Obtaining a higher return is desirable, but keeping periods when the property is empty to an absolute minimum should be the goal. Amateur landlords should not make the mistake of believing that, just because their costs have gone up, the tenant will make up the difference.landlordexpert.co.uk

AM, Wed 15th Aug - Buy to let bouyant!Buy-to-let investment in the UK has been promoted by many industry insiders as a lucrative option, with escalating house prices and high demand for rental accommodation creating a buoyant environment for landlords. The Council of Mortgage Lenders recently reported that the buy-to-let sector in the UK outperformed the rest of the mortgage market in the first half of 2007. It suggested that a strong rental market, higher rents and shorter void periods contributed to the growth in the sector.landlordexpert.co.uk

UK Buy to Let Property Market and HMO'sA combination of the steadily rising student population and a decline in landlords investing in the UK House in Multiple Occupation (HMO) could mean it is just the time to get into the HMO Buy to let market in the UK. The multi tenanted houses which are legally defined as "houses which are occupied by persons who do not form a single household" are in decline. Last year saw significant number of landlords in the private rented sector drop out of HMO's ownership.homesgofast.com

LANDLORDS ABSORB RATE RISESLetting experts Citylets' most recent data shows that landlords are not increasing tenants' rent, despite recent UK interest rate rises. With four interest rate rises between Q2 2006 and Q2 2007, higher than normal rental growth may have been expected with landlords passing on the increased borrowing costs resulting in higher rents. However, analysis of data from more than 45,000 properties advertised on www.citylets.co.uk by more than 200 letting agents has shown that rental prices have remained stable despite the rate rises.clickpress.com

Guarantee to cover rent costsCanny landlords are increasingly adding rent guarantees to their armoury to ensure their cashflow is fully protected. Good referencing in advance of accepting prospective tenants goes a long long way towards ensuring they will be able to pay the rent during the tenancy. Most letting agents have access to powerful credit referencing tools and you should always take advantage of these, said Mr White.business.edp24.co.uk