MeuCasa Management

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The 2023 view on rental yields within London:- Central London and Outer London rental values are expected to grow by 6% ...
29/08/2023

The 2023 view on rental yields within London:

- Central London and Outer London rental values are expected to grow by 6% in 2023, after a 15% and 12% increase in 2021 and 2022 respectively.

- The rental market in London has recovered from the COVID-19 pandemic, with high demand and low availability driving up prices.

- Many people are unable to buy in London and rely on renting, which is expected to increase from 1.8 million to 2.4 million by 2025.

- Commuting convenience and good amenity accessibility are the top considerations for London's BTL tenants, as well as the opening of the Elizabeth line.

- Property firm Savills forecasts that average rental values in premium London would increase by 18.3% for the five years ending in 2026.

The rental market is changing, and so are the tenants. According to a recent report, the average age of tenants has incr...
23/08/2023

The rental market is changing, and so are the tenants. According to a recent report, the average age of tenants has increased from 35.5 in 2019 to 38.5 in 2023, reflecting the difficulties of saving for a deposit and buying a home. The report also reveals that the demand for rental properties is outstripping the supply, leading to higher rents and lower void periods.

The report, based on data from over 170 estate agent offices across the UK, shows that the average rent in Q2 2023 was Β£950, up from Β£764 in Q2 2019. The highest rents were recorded in London, followed by the South East and East Anglia. The lowest rents were found in Northern Ireland, Scotland and the North East.

The report also indicates that the average void period in Q2 2023 was 11 days, down from 15 days in Q2 2022. The shortest void periods were observed in Wales, the East Midlands and Yorkshire, while the longest void periods were seen in London, Scotland and Northern Ireland.

The rental market is likely to remain strong for the foreseeable future, as more people choose or are forced to rent rather than buy. This means that landlords and agents need to adapt to the changing needs and expectations of tenants, who are looking for longer-term tenancies, better quality properties and more flexibility.

MeuCasa Management's CEO said: "The rental market is expanding as more people choose to rent for longer and expect higher quality. To succeed in this sector, landlords and agents need to offer well-kept properties, reasonable rents and outstanding service. This way, they can build trust and loyalty with their tenants."

Are you an accidental landlord in 2023? If you are, you're not alone. Accidental landlords are homeowners who end up ren...
15/08/2023

Are you an accidental landlord in 2023? If you are, you're not alone. Accidental landlords are homeowners who end up renting out their properties due to unexpected circumstances, such as not being able to sell, relocating for work, inheriting a property, or separating from a partner. According to Hamptons, accidental landlords may make up as much as 29% of all landlords across the UK, and this number could rise even further over the coming months.

Being an accidental landlord can be challenging, especially if you're not familiar with the rules and regulations of the rental market. You may need to change your mortgage, pay taxes, get insurance, comply with safety standards, find tenants, collect rent, deal with repairs, and handle disputes. All of this can take a lot of effort, expense, and time.

Fortunately, there are resources and services that can help you manage your property effectively and efficiently. For example, you can consult a mortgage advisor to find the best deal for your situation. You can also hire a letting agent to handle the day-to-day tasks of renting out your property, such as marketing, screening, contracts, inspections, maintenance, and evictions. A letting agent can also advise you on the legal aspects of being a landlord, such as tenancy agreements, deposits, inventories, notices, and rent arrears.

If you're an accidental landlord in 2023, don't panic. You can turn your property into a profitable investment with the right guidance and support. For more information on how to become a successful accidental landlord, check out these guides and content:

- Accidental Landlord Guide to Taxes, Insurance & Regulations
- Caught in the Accidental Landlord Setup? Here’s Your Next Move!
- Homeowners turn to rental market to help pay the mortgage

Or let MeuCasa Management take the hassle away from you and deal with all of the above.




πŸ‘πŸ“ˆ UK Housing Market Update: The first half of 2023 has been a rollercoaster for the UK housing market! 🎒 Stagnant house...
08/08/2023

πŸ‘πŸ“ˆ UK Housing Market Update: The first half of 2023 has been a rollercoaster for the UK housing market! 🎒 Stagnant house price growth, higher interest rates, and the ongoing cost of living crunch have made for an interesting mix. Limited housing supply due to planning restrictions is keeping prices up, but recent slowdowns raise concerns. πŸ›‘πŸ’°

Fixed-rate mortgages and dual-income households are adding some stability, but here's the twist: a wave of mortgage refinancing is on the horizon, and affordability worries for first-time buyers are creeping in. πŸ“‰βš–οΈ Striking a balance between adjusting monetary policy and ensuring housing affordability is the challenge ahead. Let's keep an eye on how this housing dance unfolds! πŸ’ƒπŸ•Ί πŸ πŸ“Š

"Residential property managers are a valuable asset to landlords and property owners, especially those who own multiple ...
13/04/2023

"Residential property managers are a valuable asset to landlords and property owners, especially those who own multiple properties. A property manager can help oversee everything from rent collection to maintenance and repairs, freeing up the landlord's time and ensuring that the property is well-maintained. Here are some key facts related to the UK property market and property managers:

- According to Zoopla, the average UK property price as of January 2023 was Β£267,557.
- Residential property prices in the UK have increased by an average of 7.5% annually over the past five years.
- The UK rental market is expected to grow by 9.6% over the next five years, according to Savills.
- There are approximately 4.5 million privately rented properties in the UK, according to the Office for National Statistics.
- A survey conducted by the National Landlords Association found that 61% of landlords in the UK use a property manager.

The benefits of having a residential property manager are clear. They can handle everything from scheduling cleaning, fixing wear & tear, arranging renovation works and dealing with insurance companies. Additionally, property managers often have a network of contractors and vendors they work with regularly, ensuring that repairs and maintenance are done quickly and efficiently. With the UK property market expected to continue growing, property managers will likely become an increasingly important resource for landlords and property owners."

MeuCasa Management is a property management company setup to overcome the stresses that come from maintaining rental pro...
13/04/2023

MeuCasa Management is a property management company setup to overcome the stresses that come from maintaining rental properties. Whether it is a single property or a portfolio, time is at a premium for most landlords.

Our team are experienced in all aspects of maintenance and have a host of 3rd party vendors we trust to get the job done.

Please get in contact if you are looking for a property management company to manage your portfolio, no matter the size.

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