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Won’t the property market run out of steam?

The UK population is projected at 63.5 million by 2013, 65.6 million by 2018 , 67.8 million, 69.8 million by 2026, 71.6 million by 2033, the rented sector – provides to 4.3 million houses.  That figure is expected to grow by 20% in next 5 years. We are under supplied by over 500,000 properties nationwide at the moment and building is too slow to meet the current projections so the supply and demand picture is very strong. We have low interest rates, very motivated vendors – therefore best prices and very high rents at the moment. There are 8 applicants for every one tenancy on average in the UK and that’s just the average. In high demand areas you are looking more at 15-20 applicants. In fact tenants are gazumping each other with higher rent offers just to secure the property.

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Experts in the property for investment, discounted, below market value and buy-to-let investment services.

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Tel: 0844 357 9490
Email: info@midasestates.com
Midas Property School - 1b Cranbrook rd, Redland, Bristol, BS6 7BJ