Richlist Posted December 17, 2015 Report Share Posted December 17, 2015 Latest report from National Association of Estate Agents (NAEA) & Association of Residential Lettings Agents (ARLA) predict average house prices to rise by 2025 from £280K - ££419K.Average cost of renting by 2025 to rise by 27% from £134 per week to £171.Uk average prices to rise by 4.1% per year & London by 6.3% over next 10 years.Rents rising 2.5% per year & 3% in London over next 10 years.Figures compiled by CEBR. Link to comment Share on other sites More sharing options...
bil8999 Posted December 17, 2015 Report Share Posted December 17, 2015 Latest report from National Association of Estate Agents (NAEA) & Association of Residential Lettings Agents (ARLA) predict average house prices to rise by 2025 from £280K - ££419K.Average cost of renting by 2025 to rise by 27% from £134 per week to £171.Uk average prices to rise by 4.1% per year & London by 6.3% over next 10 years.Rents rising 2.5% per year & 3% in London over next 10 years.Figures compiled by CEBR.Hi RL Would the above tempt you to sell or keep your properties? If the number of tenants being evicted on the increase, how can the rents keep rising at such a rate? Link to comment Share on other sites More sharing options...
Richlist Posted December 17, 2015 Author Report Share Posted December 17, 2015 I don't think I would be convinced to buy, hold or sell by these figures.Everyone's situation is different and at my 'mature' age I've decided that reducing the size of my portfolio to something more readily manageable is what I want to do. To this end I have already started by selling three properties, one in each of the last 3 financial years in order to minimise my CGT bill. We have another becoming empty mid January 2016 and after a minor refurbish will be put on the market in mid February with a sale completion not before April 6th 2016 in order to minimise CGT.We are already trying to establish which properties to sell by comparing rental income, running costs, length of voids, size of any mortgage outstanding etc etc and then planning to dispose of the worst.By 2020 I already have a good idea of the size that my portfolio will be and which properties will remain in it and what the likely gross and net income is likely to be.There has been a lot of talk about BTL and a suggestion that landlords are stopping 1st time buyers getting their first home. There may be some truth in that but what is likely to become an even bigger story is home owners who cannot move on into bigger property as their family grows cos property prices are unaffordable. Who said that being able to buy a property is a human right.......if you can't afford it what's wrong with renting ? They mainly rent in Germany and the rest of Europe so why not here ? The level of evictions is not that great, the situation is not critical, there are always going to be people who don't pay, can't pay, won't pay, expect others to pay for them. If you are having problems with tenants who can't pay just be more selective when looking for suitable tenants. I rarely have any tenants who don't pay their rent. Link to comment Share on other sites More sharing options...
Richlist Posted December 18, 2015 Author Report Share Posted December 18, 2015 The more I think about these price rises the more I'm not surprised.Historically I've had some impressive price rises on properties that I have NOT improved.1973 - 1978 ......50% increase in 5 years1978 - 1982........50% increase in 4 years1982 - 1988......275% increase in 6 yearsThat makes a predicted 50% increase in the next 10 years rather unimpressive. Link to comment Share on other sites More sharing options...
kanrent Posted December 23, 2015 Report Share Posted December 23, 2015 rents and house prices will only increase if the economy grows if the country is on its knees and deep in debt as it is nothing will increase Link to comment Share on other sites More sharing options...
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