autumn/winter 2016 market intelligence autum n/w inter 2016 ......market intelligence national autum...
TRANSCRIPT
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Martin & Co Witney63 High Street, Witney,Oxfordshire, OX28 6JAE: [email protected]
Martin & Co Oxford31 Woodins Way, Oxford,Oxfordshire, OX1 1HDE: [email protected]
Martin & Co Banbury26a Castle Quay, Banbury,Oxfordshire, OX16 5UNE: [email protected]
Martin & Co Abingdon8-10 West St. Helen Street,Abingdon, Oxfordshire, OX14 5BLE: [email protected]
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
Market Intelligence autuMn/wInter 2016 | 3
0 50%
0 60%
48.3%42.5%4.4%3.2%1.6%
Family house 1–2 bed apartmenthouse For sharersnew build propertymanaged block
SourCe: MartIn & Co 2016 LandLord Survey
yoUnG pRofEssIonAl
coUplE
1
2
3
4
5
6
SourCe: MartIn & Co LandLord Survey 2016, ShowInG reSuLtS of LandLordS who IndICated a preferenCe
Martin & Co 2016 Landlord Survey Key stats from the 2016 Landlord Survey
landlords’ main priorities and concerns
100%
20%
0
Important factors in buying decisions and how landlords make them
Tenants
51% lAndloRds AGEd 55 oR ovER
59% lAndloRds oWn moRE ThAn 1 InvEsTmEnT pRopERTy
90%lAndloRds plAn on mAInTAInInG oR GRoWInG ThEIR poRTfolIos ovER ThE nExT 1–2 yEARs
30%lAndloRds ExpEcT To GRoW poRTfolIo In nExT 1–2 yEARs
Accommodation mAIn pRIoRITy mAIn concERn
40%
61%63%67%
69%73%
83%
67% 15tenants aged under 35. number of applicants
chasing each new property listed to let.
12.4 viewings for every property instructed.
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LandLord preferenCeS
Family homes are most popular with investors
Landlords hope to let to a young professional couple
fAmIlIEs
pRofEssIonAl shARERs
oldER TEnAnTs
sTUdEnTs
40%
60%
80%
1 AREA WITh sTRonG TEnAnT dEmAnd
2 cosT of pRopERTy pURchAsE
3 pRospEcTs foR cApITAl GRoWTh
4 AchIEvInG A yIEld TARGET5 sUITs my pREfEREd
TypE of TEnAnT6 fAmIlIARITy WITh
locATIon7 pRopERTy Is REAdy To lET8 closE To WhERE I lIvE
1 REGUlAR REnTAl IncomE
2 QUAlITy of TEnAnT
3 cApITAl vAlUE AppREcIATIon
4 pRopERTy mAInTEnAncE5 kEEpInG Up
WITh TAx And lEGIslATIon chAnGEs
6 voId pERIods
2 31 4 6 75 8
SourCe: MartIn & Co, ShowInG % of LandLordS who ranked eaCh faCtor aS extreMeLy or very IMportant In theIr BuyInG deCISIonS
33%
martin & co Market Indicators first half of 2016
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
4
0% 15%
1234
6789
1011
5
SourCe: Bank of enGLand
1994 2015
7%
0%
6%
5%
4%
3%
2%
1%
1400
0
1200
1000
800
600
400
200
Interest rate cuts stimulate mortgage approvals
House prices across the country continue to rise and are now 8.1%
higher than 12 months ago. The strongest growth in values
continues to be in London (13.6%), with the South East and Eastern
regions also seeing double-digit annual growth in prices (12.9% and
12.8% respectively). Looking ahead, a period of slower growth is to
be expected as the market takes stock of the current situation.
Since the Brexit vote, transaction volumes have been hit more
significantly than house prices. Those who don’t have to move may
choose to wait in their current accommodation or even move into
the rental sector until the wider economic situation becomes
clearer. While sales rates in some places had already been affected
before the vote by the impact of additional costs of buying for
second home purchases, Martin & Co bucked this trend. In the first
six months of the year, we agreed 16.5% more sales than in the
same period of 2015.
Some slowdown in activity should also present opportunities for
buyers who are prepared to commit to purchases, and the next few
months could prove to be a good time to purchase.
Annual sales price growth across the regions
SourCe: offICe for natIonaL StatIStICS uSInG Land reGIStry, reGISter of SCotLand and the vaLuatIon offICe aGenCy
1 london2 soUTh EAsT3 EAsT4 EAsT mIdlAnds5 soUTh WEsT6 WEsT mIdlAnds7 noRTh WEsT8 scoTlAnd9 yoRkshIRE &
hUmbERsIdE10 WAlEs11 noRTh EAsT
IntereSt rateS Cut to BooSt ConfIdenCe?
In response to the Brexit uncertainty, the Bank of England cut interest rates in August to their lowest ever level of 0.25%. At the same time a number of measures were announced to increase confidence and boost the economic and housing markets.
Since the financial crisis and the cut in interest rates to their previous low of 0.5%, the number of mortgages approved each year has been steadily increasing.
Mortgage approvals in 2015 were 54% higher than in 2008, while the latest figures show approvals in the first six months as being 9% higher than a year earlier. As the market comes to grips with the current conditions, the latest cut might not immediately result in a significant increase in borrowing. However, low interest rates and the good availability of mortgage debt will provide a confidence boost to homebuyers.
The sales market: our viewIt is too early to assess the full impact of the Brexit vote. However, the market was in a strong position pre-vote and demand outstripped supply. The National Association of Estate Agents (NAEA) and the Council of Mortgage Lenders (CML) both report strong levels of first time buyer activity in June, with more loans than in any month since August 2007. An interest rate cut and further stimulus to lending will support the housing market and the fundamentals remain strong. We are not building
enough homes to meet demand and the Housing Minister has restated the government’s commitment to building 1 million new homes by 2020. While transaction levels may be more subdued for a time as a result of the vote, the housing market looks well placed moving forward.
Ian Wilson CEO, martin & co
InTEREsT RATEs moRTGAGE AppRovAls (000s)
SaLeS overvIew
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
Market Intelligence autuMn/wInter 2016 | 5
SourCe: MartIn & Co: ShowInG year-on-year ChanGe
Jan 16 feB 16 Mar 16 apr 16 May 16 Jun 16
-50%
196%
60%
109%
7%-4%
21%
30.4%
0%
50%
100%
150%
200%
28% 26% 13%14%
-23% -9%
14% 14.6%12.6% 12.8%
apr May
15.5%
Jun
SourCe: MartIn & Co: ShowInG perCentaGe of aLL tranSaCtIonS In fIrSt haLf of year By Month
Exchanges in first half of year: March busiest month as investors rushed to buy
Martin & Co in numbers
martin & co exchanges peaked in March but listings began to fall
strong first half of 2016
In line with national trends, Martin & Co offices recorded a sharp spike in March for transaction volumes, midway through what was generally a robust half year for volumes and price growth. the interest rate cut in august should help to bolster demand, particularly from investors for whom few alternative strategies look as secure as rental income in the post-Brexit economic climate.
5.4%
0.25%
8.1%
9.0%
16.5% More properties listed to sell in the first half of 2016 compared to the first half of 2015. SourCe: MartIn & Co
uk interest rates cut to lowest ever rate in august. SourCe: Bank of enGLand
annual average house price growth across uk, year to May 2016. SourCe: offICe for natIonaL StatIStICS
annual growth in average price of terraced houses, the strongest performing property type. SourCe: offICe for natIonaL StatIStICS
More sales agreed in the first half of 2016 compared to the same period in 2015. SourCe: MartIn & Co
ExchAnGEs pRopERTIEs lIsTEd
30% of exchanges in first 6 months of the year were in March. SourCe: MartIn & Co
mARchJan feB
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
6
InvEsToR mARkET: the faCtorS that InfLuenCe rentaL deMand
83% of landlords in the Martin & Co survey considered choosing rental
investments in areas with strong tenant demand as extremely or very
important. With the number of potential renters in an area driving the
growth in residential investment values (both rental and capital values),
it is vital for potential investors to fully research areas of opportunity
before committing to purchases.
In order to identify areas likely to have high demand, and therefore growth opportunities, we have created the Martin & Co Investor Growth Assessment Tool. This tool gives landlords a method for measuring investment potential across many areas based on a number of criteria. The tool provides a good template for investment opportunities and should complement your independent research.
6 Infrastructure investment 44 enterprise Zones and 30 housing Zones have been selected by the Government across the uk as focal points for tax breaks, development and Government support.new employment and housing will help fuel demand for rental property in these areas.
4 city living culture Levels of renting amongst the younger generation are at an all-time high, while apartments dominate our cities. our tool highlights where these factors are most dominant.
9 young professionals over 40% of survey respondents indicated that professional couples were target tenants. with the age of a first time buyer now 33, up from 30 just 20 years ago, demand for rental properties is high.
1 fast growing tech sectoremployment and turnover growth in the uk tech sector significantly outperforms the rest of the economy. Locations that score highly are all within the commuter catchments of the uk’s 27 tech Cities.
8 student populationthere are over 170 higher education establishments across the uk, varying in size from under 1,000 students to over 30,000. over half a million students entered higher education in 2015, the highest ever recorded.
10 commuter catchment the twelve core cities of the uk are the powerhouses of employment and economic growth. Most locations within these commuter zones tend to be investment hotspots.
2 visitor destination according to visitBritain, the number of visitor nights spent in the uk increased by 3% in 2015 to 273 million, with short term holiday lets a popular choice for those seeking to explore the uk.
5 development activity the areas experiencing the greatest increase in housing stock, or the locations of significant future planning schemes; both are indicators of a dynamic economy.
3 centre of excellencethe areas that score highly here either benefit from a russell Group institution (public research university), a thriving start-up economy or have high concentrations of jobs in the creative sector.
7 policy supportSignificant public funding has been promised to drive investment and employment within growth areas. the northern powerhouse, Cambridge – oxford Corridor, west Midlands Growth area, and the London – Stansted – oxford corridor should all offer longer term growth opportunities.
we have collated data on ten factors that influence the number of potential renters in a location and growth in the local economy:
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
2
EU REfEREndUm REsUlT
sEcond homE sTAmp dUTy lEvy
lAndloRd TAx RElIEf chAnGEs fRom 2017
The lettings market: our view
LettInGS overvIew
The Martin & Co 2016 Landlord Survey reveals that the majority of landlords are taking the vote to leave the EU in their stride. Landlords should be encouraged that in the weeks since the Brexit vote, demand to live in rental properties has remained strong. We expect demand to increase in coming months, as some home purchasing decisions are put on hold and households turn instead to the rental sector for their accommodation.
While tax relief changes and additional purchasing costs are affecting landlords’ decisions, the UK’s lettings market remains a strong, profitable asset class. We have developed the Martin & Co Investor Growth Assessment Tool, which reveals the huge potential for landlords right across the UK and provides a guide for investors to use in deciding where to invest.
Ian Wilson CEO, martin & co
Despite high levels of investor activity earlier in the year, which have added
to rental supply levels, demand continues to outweigh supply. Current levels
of available rental properties across the Martin & Co network are largely
unchanged on this time last year, suggesting that any additional supply is
being quickly let.
Demand for rental properties remains strong and, in the first seven months
of the year, Martin & Co registered 15 new tenants for every property
instructed to let, supporting rental growth across the market. In the second
quarter of 2016, the average rent paid on new tenancies by Martin & Co
tenants was 2% higher than a year earlier, rising from £729 to £744 per
month. On an annual basis, the biggest rent increases have been experienced
in the Midlands and Scotland, rising at 6.3% and 5.6% respectively.
Treasury forecasts for growth in the UK economy have been revised down
from 2.2% for both 2016 and 2017 to 1.6% and 0.7% respectively. This is
likely to result in a slowdown in the growth of household incomes. Given the
close link between income and rental growth, as well as the continuing
expansion of buy-to-let, this could limit future rises in rents.
InveStor aCtIvIty
Investor activity was strong in the first quarter of 2016 as landlords rushed to beat the deadline for the additional stamp duty charge on second property purchasers. The Council of Mortgage Lenders estimate there was £4 billion more lending in March than would usually have been the case. Activity has been quieter since then and the EU referendum brought another level of uncertainty. Despite this, 30% of landlords in our Martin & Co Landlord Survey still expect to grow their portfolios over the next two years. The vast majority (60%) expect to maintain their existing portfolios, while just 10% are looking to reduce them.
Over 60% of landlords have been affected to some degree by the mortgage interest tax relief changes that are to be phased in from Spring 2017. In fact, our survey reveals that many landlords have already taken action to limit their exposure. 41% of landlords who currently have a mortgage on their properties have paid down some of the capital on the mortgage in the last 12 months. Of those who are looking to expand their portfolios, 34% of landlords expect to purchase their next property outright with cash.
how landlords have been affected by recent events
4%
50%
0%0%
1%
20%
10%
2%
30%3%
40%
SourCe: MartIn & Co SourCe: MartIn & Co LandLord Survey: IMpaCt on future expeCtatIonS for theIr portfoLIoS
year-on-year change in average rents
5%
6%
Q1 Q2 Q3
2015 2016
Q4 Q1 Q2
60%
noT AT All somEWhAT sIGnIfIcAnTly
56% of landlords are unfazed by the Referendum results
Market Intelligence autuMn/wInter 2016 | 7
The UK’s major cities score highest on the assessment tool – Manchester, Birmingham, Leeds, London and Cardiff all score over 45. Cambridge also scores highly thanks to its tech cluster, vibrant city culture, significant population of young professionals and anticipated policy support with the proposed Cambridge – Milton Keynes – Oxford corridor.
For those looking for less obvious investor destinations, looking in-depth at individual criteria produces some areas for consideration. For example, Aylesbury and central Bedfordshire score the maximum 7 for development. Both have witnessed a 5% increase in housing stock since the 2011 census and both have a substantial development pipeline. With
increases in population of over 7% over the last 4 years, compared to England as a whole (3.2%) and currently a quarter of the population aged 20-29 in professional occupations, this could be a future hotspot.
In terms of visitor spend per head of population, areas including Blackpool, Bath and Bournemouth score highly. While Blackpool and Bournemouth also score well thanks to proximity to a Tech cluster, Bournemouth also fares well on City Culture, while Bath excels in terms of development and policy support. Taken together, such factors indicate a good level of demand for rental properties and investment growth.
martin & co: Investor Growth assessment tool
the fIndInGS
use this structured approach to assess the prospects of any town or city to support a strong and/or growing rental market. Give your chosen location a score on each of the criteria between 1 and 7 (or 0 if the category is not relevant) and add the scores together to assess its full potential. the maximum score of 70 is hard to achieve but you will usually only look for perfect scores in one or two areas when you are deciding on a location to invest in.
over 50,000 students.
under 5,000 students.
Score 0 : no student population.
GlAsGoW, covEnTRy, shEffIEld, lEEds
student population
over 70% growth in population aged 20–29, over 30% of dwellings apartments.
0–10% growth population aged 20–29, under 5% housing stock apartments,bRIsTol, noRWIch, REAdInG, sloUGh
city living culture
1 or more enterprise or housing Zones within the area.
1 enterprise or housing Zone within area.
mAnchEsTER, cARdIff, pREsTon, WAkEfIEld,
Infrastructure investment
over 35% aged 20–29 employed in managerial/ professional jobs classes 1 & 2.
11–15% aged 20–29 employed in managerial/professional jobs.
cAmbRIdGE, london, sT AlbAns, oxfoRd
young professionals
vistor spend over £500 per head of population.
under £25 per head of population. bATh, blAckpool, coTsWolds, ToRbAy, dERbyshIRE, dAlEs
visitor destination
Commuter Zone is wholly located within a Core City travel to work area.
Zone is partially located within the above criteria.
EdInbURGh, RoThERhAm, oldhAm, TAmEsIdE, GRAvEshAm
commuter catchment
over 5% increase in housing stock; over 50 new schemes in pipeline with over 50+ units.
Less than 1.5% increase in housing stock, less than 5 schemes in pipeline with over 50+ units.AylEsbURy, soUTh bEdfoRdshIRE
development activity
key city within a designated area.
Local authority within region of benefit.
dERby, mIlTon kEynEs, sTokE-on-TREnT, sTAnsTEd
policy support
SourCe: CenSuS, dCLG, GLenIGan, heSa, onS, teCh CIty, vISItBrItaIn
1 fast growing tech sector
area of excellence in 3 or more areas.
area of excellence in 1 area.
bIRmInGhAm, nEWcAsTlE Upon TynE, noTTInGhAm, bRIsTol
2 Centre of excellence in 3 or more areas.
Centre of excellence in 1 area.bIRmInGhAm, nEWcAsTlE Upon TynE, noTTInGhAm, bRIsTol
centre of excellence
3
6
4 5
7 8 9 10
kEy maximum SCOrE minimum SCOrE hIGh scoRE AREAs
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
Market Intelligence
NatioNal
autuMn/wInter 2016
Market Intelligence AUTUMN/WINTER 2016 | 3
48.3%42.5%4.4%3.2%1.6%
YOUNG PROFESSIONAL
COUPLE
1
2
3
4
5
6
Martin & Co 2016 Landlord Survey
Landlords’ main priorities and concerns
Important factors in buying decisions and how landlords make them
Tenants
51% LANDLORDS AGED 55 OR OVER
59% LANDLORDS OWN MORE THAN 1 INVESTMENT PROPERTY
90%LANDLORDS PLAN ON MAINTAINING OR GROWING THEIR PORTFOLIOS OVER THE NEXT 1–2 YEARS
30%LANDLORDS EXPECT TO GROW PORTFOLIO IN NEXT 1–2 YEARS
Accommodation MAIN PRIORITY MAIN CONCERN
83%
67% 15Tenants aged under 35 Number of applicants
chasing each new property listed to let
12.4 Viewings for every property instructed
Being close to home is a minor factor. Strong tenant demand leads buying decisions.
LANDLORD PREFERENCES
Family homes are most popular with investors
Landlords hope to let to a young professional couple
FAMILIES
PROFESSIONAL SHARERS
OLDER TENANTS
STUDENTS
1 AREA WITH STRONG TENANT DEMAND
2 COST OF PROPERTY PURCHASE
3 PROSPECTS FOR CAPITAL GROWTH
4 ACHIEVING A YIELD TARGET5 SUITS MY PREFERED
TYPE OF TENANT6 FAMILIARITY WITH
LOCATION7 PROPERTY IS READY TO LET8 CLOSE TO WHERE I LIVE
1 REGULAR RENTAL INCOME
2 QUALITY OF TENANT
3 CAPITAL VALUE APPRECIATION
4 PROPERTY MAINTENANCE5 KEEPING UP
WITH TAX AND LEGISLATION CHANGES
6 VOID PERIODS
2 31 4 6 75 8
33%
Martin & Co Market Indicators first half of 2016
Landlords say an area with strong tenant demand is the key factor when buying an investment property.
Martin & Co highlight landlord resilience and a strong case for buy-to-let going into the final months of 2016 while introducing the Investor Growth Assessment Tool, an essential new tool for investors.
SourCe: MartIn & Co 2016 LandLord Survey
We bring a wealth of knowledge and expertise to the table, and this is on offer to all of our clients. We keep our finger on the pulse of the local property market, with offices throughout the UK ready to help you let or rent a property, or buy or sell a home.
As a current or potential landlord, you can rest assured that we know what keeps you awake at night and that our service is built around keeping properties fully let, minimising the risk of rental arrears through state-of-the-art credit checking, and using independent first-class local tradesmen to keep a lid on maintenance costs. We reject 'call centre' culture – all of our offices are based where your property is located so we can keep a close eye on things, just like you would if you had the time.
Martin & Co is part of the MartinCo plc Group of Companies. the Group manages 45,000 tenanted properties (equivalent to a town the size of winchester)across the uk, from falmouth to aberdeen & Chelsea embankment.
Martin & Co is the Group's largest national brand with nearly 200 offices and growing.
Disclaimer: This report has been prepared in good faith on the basis of calculations that rely on a set of assumptions that will vary considerably between geographical regions and over time. They illustrate hypothetical examples of returns that may be possible under the given set of assumptions, however no warranty is given as to the accuracy or completeness of information contained in this report. Accordingly, this report is for general information purposes only and no liability is accepted by Martin & Co (UK) Ltd, its associates, employees, directors and representatives for any negligence in relation to the information, forecasts, figures or conclusions contained in this Report or for any loss, damage, or consequence whatsoever, arising from any action taken based on its content. This report does not constitute and must not be treated as investment advice or guidance and users should always obtain independent professional advice before making any investment decision. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without the express prior written permission of Martin & Co (UK) Ltd.
Date of publication: September 2016
Compiled by Dataloft, www.dataloft.co.uk
arLa, property oMBudSMan
1,811 95%10,911 7 minutesaverage number of properties let per month in 2016
of our customers said they would recommend us
average viewings of rental properties per month in 2016
we sell or let a property every 7 minutes in the uk
East midlands & West midlandsBeeston • Birmingham
Harborne • Birmingham Kings
Heath • Birmingham
Longbridge • Chesterfield •
Coalville • Coventry • Derby •
Gainsborough • Grantham •
Hinckley • Leamington Spa •
Leicester • Lincoln •
Loughborough • Mansfield •
Mountsorrel • Newark •
Newcastle under Lyme •
Northampton • Nottingham
City • Nottingham Hucknall •
Rugby • Shrewsbury • Solihull •
Stamford • Sutton Coldfield •
Tamworth • Telford •
Wolverhampton • Worcester •
Worksop
East Anglian RegionBedford • Bury St Edmunds •
Cambridge • Chelmsford •
Colchester • Diss • Harlow •
Ipswich • Milton Keynes •
Norwich • St Albans •
Southend-on-Sea • Stevenage •
Welwyn Garden City
yorkshire & north East EnglandBeverley • Doncaster •
Guisborough • Harrogate •
Huddersfield • Hull •
Leeds City • Leeds Garforth •
Leeds Horsforth • Newcastle-
upon-Tyne • Pontefract •
Rotherham • Roundhay •
Saltaire • Sheffield City •
Sheffield Hillsborough •
Sunderland • Wakefield •
Whitley Bay • York
scotlandAberdeen • Ayr • Bathgate •
Cupar • Dundee • Dunfermline •
Glasgow City • Glasgow
Shawlands • Glasgow West
End • Kinross • Kirkcaldy •
Leith • Paisley • Stirling
Thames valley, West of England & south WalesAbingdon • Banbury • Bath •
Bristol Kingswood • Cardiff •
Cheltenham • Chippenham •
Cirencester • Exeter •
Falmouth • Gloucester • High
Wycombe • Merthyr Tydfil •
Newport • Oxford • Plymouth •
Swindon • Taunton • Truro •
Westbury • Witney • Yeovil
north West & north WalesBiddulph • Blackpool • Crewe •
Lancaster • Liverpool South •
Macclesfield • Manchester
Central • Manchester Chorlton •
Manchester Prestwich •
Nantwich • Preston • Rochdale •
Stafford • Stockport • Stoke
on Trent • Widnes • Wilmslow •
Wirral Bebington • Wirral
Moreton
southern Region Aldershot • Andover •
Basingstoke • Bognor Regis •
Bournemouth • Camberley •
Chichester • Eastleigh •
Gosport • Guildford •
Maidenhead • New Milton •
Poole • Portsmouth • Reading •
Reading Caversham •
Ringwood • Salisbury • Slough •
Southampton City •
Southampton Woolston •
Staines-upon-Thames •
Weymouth • Winchester •
Woking • Wokingham
londonBalham • Battersea Reach •
Beckenham • Brentford •
Camden • Caterham • Chelsea •
Croydon • Crystal Palace •
Ealing • Enfield • Islington •
Kingston Upon Thames •
London Bridge • London
Riverside • Loughton •
Romford • Ruislip • Stratford •
Streatham • Sutton •
Twickenham • Walton on
Thames • Wanstead •
Wimbledon
south East home counties (kent and east Sussex) & south West home counties (Surrey and west Sussex)Ashford • Bognor Regis •
Brighton • Burgess Hill •
Canterbury • Crawley • Dover •
Eastbourne • Folkestone •
Leatherhead • Littlehampton •
Maidstone • Medway • Reigate •
Tonbridge • Tunbridge Wells •
Uckfield • Worthing
We bring a wealth of knowledge and expertise to the table, and this is on offer to all of our clients. We keep our finger on the pulse of the local property market, with offices throughout the UK ready to help you let or rent a property, or buy or sell a home.
As a current or potential landlord, you can rest assured that we know what keeps you awake at night and that our service is built around keeping properties fully let, minimising the risk of rental arrears through state-of-the-art credit checking, and using independent first-class local tradesmen to keep a lid on maintenance costs. We reject 'call centre' culture – all of our offices are based where your property is located so we can keep a close eye on things, just like you would if you had the time.
Martin & Co is part of the MartinCo plc Group of Companies. the Group manages 45,000 tenanted properties (equivalent to a town the size of winchester)across the uk, from falmouth to aberdeen & Chelsea embankment.
Martin & Co is the Group's largest national brand with nearly 200 offices and growing.
Disclaimer: This report has been prepared in good faith on the basis of calculations that rely on a set of assumptions that will vary considerably between geographical regions and over time. They illustrate hypothetical examples of returns that may be possible under the given set of assumptions, however no warranty is given as to the accuracy or completeness of information contained in this report. Accordingly, this report is for general information purposes only and no liability is accepted by Martin & Co (UK) Ltd, its associates, employees, directors and representatives for any negligence in relation to the information, forecasts, figures or conclusions contained in this Report or for any loss, damage, or consequence whatsoever, arising from any action taken based on its content. This report does not constitute and must not be treated as investment advice or guidance and users should always obtain independent professional advice before making any investment decision. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without the express prior written permission of Martin & Co (UK) Ltd.
Date of publication: September 2016
Compiled by Dataloft, www.dataloft.co.uk
arLa, property oMBudSMan
1,811 95%10,911 7 minutesaverage number of properties let per month in 2016
of our customers said they would recommend us
average viewings of rental properties per month in 2016
we sell or let a property every 7 minutes in the uk
East midlands & West midlandsBeeston • Birmingham
Harborne • Birmingham Kings
Heath • Birmingham
Longbridge • Chesterfield •
Coalville • Coventry • Derby •
Gainsborough • Grantham •
Hinckley • Leamington Spa •
Leicester • Lincoln •
Loughborough • Mansfield •
Mountsorrel • Newark •
Newcastle under Lyme •
Northampton • Nottingham
City • Nottingham Hucknall •
Rugby • Shrewsbury • Solihull •
Stamford • Sutton Coldfield •
Tamworth • Telford •
Wolverhampton • Worcester •
Worksop
East Anglian RegionBedford • Bury St Edmunds •
Cambridge • Chelmsford •
Colchester • Diss • Harlow •
Ipswich • Milton Keynes •
Norwich • St Albans •
Southend-on-Sea • Stevenage •
Welwyn Garden City
yorkshire & north East EnglandBeverley • Doncaster •
Guisborough • Harrogate •
Huddersfield • Hull •
Leeds City • Leeds Garforth •
Leeds Horsforth • Newcastle-
upon-Tyne • Pontefract •
Rotherham • Roundhay •
Saltaire • Sheffield City •
Sheffield Hillsborough •
Sunderland • Wakefield •
Whitley Bay • York
scotlandAberdeen • Ayr • Bathgate •
Cupar • Dundee • Dunfermline •
Glasgow City • Glasgow
Shawlands • Glasgow West
End • Kinross • Kirkcaldy •
Leith • Paisley • Stirling
Thames valley, West of England & south WalesAbingdon • Banbury • Bath •
Bristol Kingswood • Cardiff •
Cheltenham • Chippenham •
Cirencester • Exeter •
Falmouth • Gloucester • High
Wycombe • Merthyr Tydfil •
Newport • Oxford • Plymouth •
Swindon • Taunton • Truro •
Westbury • Witney • Yeovil
north West & north WalesBiddulph • Blackpool • Crewe •
Lancaster • Liverpool South •
Macclesfield • Manchester
Central • Manchester Chorlton •
Manchester Prestwich •
Nantwich • Preston • Rochdale •
Stafford • Stockport • Stoke
on Trent • Widnes • Wilmslow •
Wirral Bebington • Wirral
Moreton
southern Region Aldershot • Andover •
Basingstoke • Bognor Regis •
Bournemouth • Camberley •
Chichester • Eastleigh •
Gosport • Guildford •
Maidenhead • New Milton •
Poole • Portsmouth • Reading •
Reading Caversham •
Ringwood • Salisbury • Slough •
Southampton City •
Southampton Woolston •
Staines-upon-Thames •
Weymouth • Winchester •
Woking • Wokingham
londonBalham • Battersea Reach •
Beckenham • Brentford •
Camden • Caterham • Chelsea •
Croydon • Crystal Palace •
Ealing • Enfield • Islington •
Kingston Upon Thames •
London Bridge • London
Riverside • Loughton •
Romford • Ruislip • Stratford •
Streatham • Sutton •
Twickenham • Walton on
Thames • Wanstead •
Wimbledon
south East home counties (kent and east Sussex) & south West home counties (Surrey and west Sussex)Ashford • Bognor Regis •
Brighton • Burgess Hill •
Canterbury • Crawley • Dover •
Eastbourne • Folkestone •
Leatherhead • Littlehampton •
Maidstone • Medway • Reigate •
Tonbridge • Tunbridge Wells •
Uckfield • Worthing
We bring a wealth of knowledge and expertise to the table, and this is on offer to all of our clients. We keep our finger on the pulse of the local property market, with offices throughout the UK ready to help you let or rent a property, or buy or sell a home.
As a current or potential landlord, you can rest assured that we know what keeps you awake at night and that our service is built around keeping properties fully let, minimising the risk of rental arrears through state-of-the-art credit checking, and using independent first-class local tradesmen to keep a lid on maintenance costs. We reject 'call centre' culture – all of our offices are based where your property is located so we can keep a close eye on things, just like you would if you had the time.
Martin & Co is part of the MartinCo plc Group of Companies. the Group manages 45,000 tenanted properties (equivalent to a town the size of winchester)across the uk, from falmouth to aberdeen & Chelsea embankment.
Martin & Co is the Group's largest national brand with nearly 200 offices and growing.
Disclaimer: This report has been prepared in good faith on the basis of calculations that rely on a set of assumptions that will vary considerably between geographical regions and over time. They illustrate hypothetical examples of returns that may be possible under the given set of assumptions, however no warranty is given as to the accuracy or completeness of information contained in this report. Accordingly, this report is for general information purposes only and no liability is accepted by Martin & Co (UK) Ltd, its associates, employees, directors and representatives for any negligence in relation to the information, forecasts, figures or conclusions contained in this Report or for any loss, damage, or consequence whatsoever, arising from any action taken based on its content. This report does not constitute and must not be treated as investment advice or guidance and users should always obtain independent professional advice before making any investment decision. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without the express prior written permission of Martin & Co (UK) Ltd.
Date of publication: September 2016
Compiled by Dataloft, www.dataloft.co.uk
arLa, property oMBudSMan
1,811 95%10,911 7 minutesaverage number of properties let per month in 2016
of our customers said they would recommend us
average viewings of rental properties per month in 2016
we sell or let a property every 7 minutes in the uk
East midlands & West midlandsBeeston • Birmingham
Harborne • Birmingham Kings
Heath • Birmingham
Longbridge • Chesterfield •
Coalville • Coventry • Derby •
Gainsborough • Grantham •
Hinckley • Leamington Spa •
Leicester • Lincoln •
Loughborough • Mansfield •
Mountsorrel • Newark •
Newcastle under Lyme •
Northampton • Nottingham
City • Nottingham Hucknall •
Rugby • Shrewsbury • Solihull •
Stamford • Sutton Coldfield •
Tamworth • Telford •
Wolverhampton • Worcester •
Worksop
East Anglian RegionBedford • Bury St Edmunds •
Cambridge • Chelmsford •
Colchester • Diss • Harlow •
Ipswich • Milton Keynes •
Norwich • St Albans •
Southend-on-Sea • Stevenage •
Welwyn Garden City
yorkshire & north East EnglandBeverley • Doncaster •
Guisborough • Harrogate •
Huddersfield • Hull •
Leeds City • Leeds Garforth •
Leeds Horsforth • Newcastle-
upon-Tyne • Pontefract •
Rotherham • Roundhay •
Saltaire • Sheffield City •
Sheffield Hillsborough •
Sunderland • Wakefield •
Whitley Bay • York
scotlandAberdeen • Ayr • Bathgate •
Cupar • Dundee • Dunfermline •
Glasgow City • Glasgow
Shawlands • Glasgow West
End • Kinross • Kirkcaldy •
Leith • Paisley • Stirling
Thames valley, West of England & south WalesAbingdon • Banbury • Bath •
Bristol Kingswood • Cardiff •
Cheltenham • Chippenham •
Cirencester • Exeter •
Falmouth • Gloucester • High
Wycombe • Merthyr Tydfil •
Newport • Oxford • Plymouth •
Swindon • Taunton • Truro •
Westbury • Witney • Yeovil
north West & north WalesBiddulph • Blackpool • Crewe •
Lancaster • Liverpool South •
Macclesfield • Manchester
Central • Manchester Chorlton •
Manchester Prestwich •
Nantwich • Preston • Rochdale •
Stafford • Stockport • Stoke
on Trent • Widnes • Wilmslow •
Wirral Bebington • Wirral
Moreton
southern Region Aldershot • Andover •
Basingstoke • Bognor Regis •
Bournemouth • Camberley •
Chichester • Eastleigh •
Gosport • Guildford •
Maidenhead • New Milton •
Poole • Portsmouth • Reading •
Reading Caversham •
Ringwood • Salisbury • Slough •
Southampton City •
Southampton Woolston •
Staines-upon-Thames •
Weymouth • Winchester •
Woking • Wokingham
londonBalham • Battersea Reach •
Beckenham • Brentford •
Camden • Caterham • Chelsea •
Croydon • Crystal Palace •
Ealing • Enfield • Islington •
Kingston Upon Thames •
London Bridge • London
Riverside • Loughton •
Romford • Ruislip • Stratford •
Streatham • Sutton •
Twickenham • Walton on
Thames • Wanstead •
Wimbledon
south East home counties (kent and east Sussex) & south West home counties (Surrey and west Sussex)Ashford • Bognor Regis •
Brighton • Burgess Hill •
Canterbury • Crawley • Dover •
Eastbourne • Folkestone •
Leatherhead • Littlehampton •
Maidstone • Medway • Reigate •
Tonbridge • Tunbridge Wells •
Uckfield • Worthing
We bring a wealth of knowledge and expertise to the table, and this is on offer to all of our clients. We keep our finger on the pulse of the local property market, with offices throughout the UK ready to help you let or rent a property, or buy or sell a home.
As a current or potential landlord, you can rest assured that we know what keeps you awake at night and that our service is built around keeping properties fully let, minimising the risk of rental arrears through state-of-the-art credit checking, and using independent first-class local tradesmen to keep a lid on maintenance costs. We reject 'call centre' culture – all of our offices are based where your property is located so we can keep a close eye on things, just like you would if you had the time.
Martin & Co is part of the MartinCo plc Group of Companies. the Group manages 45,000 tenanted properties (equivalent to a town the size of winchester)across the uk, from falmouth to aberdeen & Chelsea embankment.
Martin & Co is the Group's largest national brand with nearly 200 offices and growing.
Disclaimer: This report has been prepared in good faith on the basis of calculations that rely on a set of assumptions that will vary considerably between geographical regions and over time. They illustrate hypothetical examples of returns that may be possible under the given set of assumptions, however no warranty is given as to the accuracy or completeness of information contained in this report. Accordingly, this report is for general information purposes only and no liability is accepted by Martin & Co (UK) Ltd, its associates, employees, directors and representatives for any negligence in relation to the information, forecasts, figures or conclusions contained in this Report or for any loss, damage, or consequence whatsoever, arising from any action taken based on its content. This report does not constitute and must not be treated as investment advice or guidance and users should always obtain independent professional advice before making any investment decision. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without the express prior written permission of Martin & Co (UK) Ltd.
Date of publication: September 2016
Compiled by Dataloft, www.dataloft.co.uk
arLa, property oMBudSMan
1,811 95%10,911 7 minutesaverage number of properties let per month in 2016
of our customers said they would recommend us
average viewings of rental properties per month in 2016
we sell or let a property every 7 minutes in the uk
East midlands & West midlandsBeeston • Birmingham
Harborne • Birmingham Kings
Heath • Birmingham
Longbridge • Chesterfield •
Coalville • Coventry • Derby •
Gainsborough • Grantham •
Hinckley • Leamington Spa •
Leicester • Lincoln •
Loughborough • Mansfield •
Mountsorrel • Newark •
Newcastle under Lyme •
Northampton • Nottingham
City • Nottingham Hucknall •
Rugby • Shrewsbury • Solihull •
Stamford • Sutton Coldfield •
Tamworth • Telford •
Wolverhampton • Worcester •
Worksop
East Anglian RegionBedford • Bury St Edmunds •
Cambridge • Chelmsford •
Colchester • Diss • Harlow •
Ipswich • Milton Keynes •
Norwich • St Albans •
Southend-on-Sea • Stevenage •
Welwyn Garden City
yorkshire & north East EnglandBeverley • Doncaster •
Guisborough • Harrogate •
Huddersfield • Hull •
Leeds City • Leeds Garforth •
Leeds Horsforth • Newcastle-
upon-Tyne • Pontefract •
Rotherham • Roundhay •
Saltaire • Sheffield City •
Sheffield Hillsborough •
Sunderland • Wakefield •
Whitley Bay • York
scotlandAberdeen • Ayr • Bathgate •
Cupar • Dundee • Dunfermline •
Glasgow City • Glasgow
Shawlands • Glasgow West
End • Kinross • Kirkcaldy •
Leith • Paisley • Stirling
Thames valley, West of England & south WalesAbingdon • Banbury • Bath •
Bristol Kingswood • Cardiff •
Cheltenham • Chippenham •
Cirencester • Exeter •
Falmouth • Gloucester • High
Wycombe • Merthyr Tydfil •
Newport • Oxford • Plymouth •
Swindon • Taunton • Truro •
Westbury • Witney • Yeovil
north West & north WalesBiddulph • Blackpool • Crewe •
Lancaster • Liverpool South •
Macclesfield • Manchester
Central • Manchester Chorlton •
Manchester Prestwich •
Nantwich • Preston • Rochdale •
Stafford • Stockport • Stoke
on Trent • Widnes • Wilmslow •
Wirral Bebington • Wirral
Moreton
southern Region Aldershot • Andover •
Basingstoke • Bognor Regis •
Bournemouth • Camberley •
Chichester • Eastleigh •
Gosport • Guildford •
Maidenhead • New Milton •
Poole • Portsmouth • Reading •
Reading Caversham •
Ringwood • Salisbury • Slough •
Southampton City •
Southampton Woolston •
Staines-upon-Thames •
Weymouth • Winchester •
Woking • Wokingham
londonBalham • Battersea Reach •
Beckenham • Brentford •
Camden • Caterham • Chelsea •
Croydon • Crystal Palace •
Ealing • Enfield • Islington •
Kingston Upon Thames •
London Bridge • London
Riverside • Loughton •
Romford • Ruislip • Stratford •
Streatham • Sutton •
Twickenham • Walton on
Thames • Wanstead •
Wimbledon
south East home counties (kent and east Sussex) & south West home counties (Surrey and west Sussex)Ashford • Bognor Regis •
Brighton • Burgess Hill •
Canterbury • Crawley • Dover •
Eastbourne • Folkestone •
Leatherhead • Littlehampton •
Maidstone • Medway • Reigate •
Tonbridge • Tunbridge Wells •
Uckfield • Worthing