Money mail special all week!

[DimPrawn]

MONEY MAIL SPECIAL: How to join the buy to let boom | Daily Mail Online

DailyFail has discovered a new can't lose investment for everyone. They are calling it "buy to let".




Is this the top of the property market I wonder?

[alreadypacked]

Those in the know want to get out, so they had a chat with one of their pet papers.

[DimPrawn]

Those in the know want to get out, so they had a chat with one of their pet papers.

Zoopla - Wikipedia, the free encyclopedia

Zoopla (Zoopla PLC) is a British property website covering the residential property market, partially owned by Daily Mail and General Trust.

In July 2009, Zoopla acquired property website Thinkproperty.com from the Guardian Media Group.[13]

In August 2009, Zoopla acquired the PropertyFinder Group, consisting of the websites Propertyfinder.com, Hotproperty.co.uk and UK Property Shop, with combined annual revenues of £7M, from prior owners the REA Group and News International for an undisclosed sum.[14]
Footballer Youssouf Mulumbu wearing a West Bromwich Albion shirt endorsed by Zoopla in 2013

In October 2011 Zoopla and Digital Property Group, the subsidiary of A&N Media which operates property websites Primelocation.com, Globrix.com and FindaProperty.com, merged their respective businesses andin May 2012, Zoopla acquired property information website UpMyStreet.com.[15] and in June 2012 formed Zoopla Property Group Ltd.[16]

In December 2012, Zoopla acquired property information website Globrix.com.[17]

In Spring 2013, Stephen Morana, formerly of Betfair Group Plc, was appointed new Chief Financial Officer (CFO).[18]

Zoopla's owner, the Daily Mail and General Trust began to float Zoopla on the stock market in June 2014.[19]

[pjclarke]

Oooh look. Those numbers come from a report authored by a PR Company and paid for by a mortage company who specialise in ….. BTL Mortgages!

Rob Thomas, Director of Research at the Wriglesworth Consultancy and author of the report says “we believe this is the most detailed analysis of long term buy-to-let returns undertaken to date. It should be invaluable for investors seeking to understand the relative performance of different investments over the longer term and shows the outstanding average returns enjoyed by buy-to-let investors over the past 18 years or so.”
John Heron, Director of Mortgages at Paragon, says: “Buy-to-let mortgages have become such an integral part of today’s mortgage market that you easily forget that the product didn’t exist prior to 1996.* Buy-to-let has increased the number of properties available to rent in the UK, providing homes for over 4 million householders.* The Private Rented Sector remains*an important and growing sector and now represents 18% of the*UK’s housing market.”

Buy-to-let reaches 18 years and comes of age - Wriglesworth Consultancy

[pjclarke]

The BTL dream turns to nightmare

How many property management agents does it take to screw in a lightbulb?

Foxtons 'facing huge legal bill' after landlord is charged £616 to change light fitting - Telegraph

[BrilloPad]

How much did average earnings go up in the same period?

[DimPrawn]

How much did average earnings go up in the same period?

Thruppence.

[pjclarke]

How much did average earnings go up in the same period?

1990
RPI = 56.1
Average Earnings = 10,601

2014
RPI = 114.5 (+104%)
Earnings= 25,028 (+136%)


BTL Investors have done well, but perhaps not as well as the numbers suggest. The comparison of just two years could be misleading. The report makes BTL look good compared to other asset classes by compounding, so proceeds are used to buy more BTL properties, meaning that you are assumed to have started the period with one property and acquired three more by the end, which makes it less like holding an investment and more like running a business. An apples-to-apples comparison with someone buying the FTSE All Share and re-investing dividends gives a 25 year return figure of 759% ….

[BrilloPad]

Why choose 1996 as the base year?

I am reminded of 1989 when the sun printed a headline that house prices could only go up. I wonder what happened next?

Need I add the sarcasm emoticon?

[alreadypacked]

Maybe this is why the BTL is in the papers.

They think £2bn pensions will be cashed-in, estate agents want a piece of the pie. They can also sell all of the overpriced crap as a good investment.

The great £2bn pensions cash-in... savers rush to get retirement pots | Daily Mail Online