Rental Market!?; WMS Housing Market Crash Ep.2
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In this second episode in the mini-series looking at the question everyone is asking;
\\n‘Is the property market going to crash?’
\\nShaz reviews what’s happening currently with the rental market looking at supply and demand and sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market.
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KEY TAKEAWAYS
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- Over a third of the UK population are renters. \\n
- 101,000 properties were available to rent across the UK. \\n
- The average rent of £985 per month increased by over 2% in the last 4 weeks. \\n
- Demand is predicted to fall so properties may be empty \\n
- With higher unemployment, some of those people will be renters and may be unable to pay their rent. \\n
- Demand for prospective tenants is lower now than in February. \\n
- Many Airbnb serviced apartments are being put back into the short term letting market \\n
- Demand is reducing, furlough is ending, eviction periods are extended \\n
- There is tension in the market place but it’s likely there will be a dip in the first quarter of next year. \\n
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BEST MOMENTS
\\n‘Those with Airbnb apartments have been finding it really challenging’
\\n‘The most important question is; ‘where are we in terms of supply and demand?’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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