New Opportunities in Buy-To-Rent and Built-To-Rent in the UK
Build To Rent UK
In the UK, leasing is expensive as compared to buying a home. The Hometrack reports find the average term of rents in the UK is 4.3 years. However, leasing grew in the past few years, and purchasing declined as the number of private leaseholders increased in all sectors by 24 per cent between 2006 to 2016.
The costs grew 19 per cent from 2007 to 2017, even though the average cost declined to £458 from £463 (according to ONS) during this time. In the last decade, rentals in London grew by 29 per cent, whereas the average rents in the city were up to £1,590 every month in 2017. Rents dropped in certain areas of London, for example, North East where the rents fell 3 per cent in the previous decade.
Developers are building homes close to city areas offering multiple job opportunities and having offices nearby. In addition, some investors are acquiring houses that offer convertible office areas and residential space. Different developers are likewise building homes for urban communities of the UK.
Numerous insurance agencies and banks are purchasing office spaces in Liverpool, Manchester, and Birmingham. A similar trend can be found in many other parts of Europe, like Switzerland and the Netherlands.
Work To Lease Venture
Architects are working on similar new ideas for building family homes. The offices with residential sections are a new concept, which young workers have supported. A portion of these innovation-based arrangements helps the buyer meet new lifestyle needs.
One of the problems with such arrangements is that workers need to confirm their migration status to lease a home; if offices are converted to residential units, they cannot be leased as commercial units.
The transformation in rental rules can make it difficult for mortgage holders to lease their homes.
Joblessness is a common problem in the current financial circumstances, even though it is most consolidated in London, where the occupants pay up to 50 per cent of their earnings towards rent.
Since income dropped in the last ten years in England and Wales, and rents have increased, paying higher rents is a problem. Hence, new investors seek opportunities in alternative options or other low-cost markets to get a home of their choice.
To know more about opportunities in renting – buy-to-let / build-to-rent, renting new homes, searching for a tenant, or student buy-to-let, click Hamilton International Estates (www.hamiltoninternationalestates.com).
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Why Hamilton International Estates
We strive to deliver a personal service for all of our clients
Why us
Our standard is also a measure of the perfection that we strive to achieve in everything we do. Our professional property consultants have cumulatively acquired over 25 years of experience in providing the perfect property development opportunities for all our clients..
What we offer
Hamilton International Estates specialises in property development opportunities. We have a wide range of property developments, ranging from; residential and commercial property. The Hamilton International Estates Standard is the benchmark of our excellence by which we judge ourselves.
Our Role
We build genuine partnerships with our customers and use our intellect to help our clients reach their goals. Our role is to connect buyers and sellers across the world and we offer our clients a number of different assets that they can purchase, retain and profit from.
Our Clients
Our client base is formed of people across the globe who wish to diversify their portfolios as well as purchase and profit from a variety of different assets. Our experience aids us to tailor our services to meet the needs of all our clients.
Disclaimer - Hamilton International Estates is acting as an agent in marketing products and services for many other companies. Hamilton International Estates is not authorised to give investment/tax advice and you should seek independent financial and legal advice prior to making any investment decision. All forecasts are based on historical performance and are purely indicative. The value of your property may rise or fall. No guarantees as to future performance in respect of income or capital growth are given either expressly or by implication and nothing expressed or implied should be taken as a forecast of future performance. This is not an offer to participate in a collective investment scheme as defined in the Financial Services and Markets Act 2000 (section 235) and as such buyers have no access to statutory or regulatory protections including the Financial Ombudsman Service and the Financial Services Compensation Scheme. Hamilton International Estates is not regulated by the FCA and is not authorised to offer advice to the general public concerning any regulated or unregulated investment. Although every care has been taken to make sure that the information in this brochure / website is accurate, Hamilton International Estates cannot accept any responsibility for mistakes or omissions. You should take your own professional advice before taking or refraining from any action based on the contents of this brochure / website which are only intended as a general outline to the matters referred to in it. All content, product description and illustrations in this factsheet, brochures and website are purely marketing material provided by the companies that we work as agents for. Hamilton International Estates registered address Chiltern House Business Center, 64 High Street, Burnham, Bucks, SL1 7JT, United Kingdom, Company Registration Number 10767032 is a sales and marketing agent.