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The risks of service accommodation property investment

Serviced Accommodation, or serviced accommodation properties, is one of those terms that you tend to hear quite often. However, more often than not, people do not really understand what is meant by the term serviced accommodation property. They tend to be confused because they simply do not have a proper definition. According to Property Investments UK, serviced accommodation refers to fully furnished properties which are available for short or long-term let. Investing in such properties can seem like a good idea, but there are risks. Let us, therefore, briefly have a look at some of those risks.

One risk when it comes to buying a serviced accommodation property is that it requires a lot of effort. For people with a full-time job, it would be almost impossible to go through the proper procedures which are required in order to purchase such a property. Moreover, it quite often requires a team of people rather than a single individual.

Furthermore, when investors rent such properties, it seems that their returns aren’t quite what they expected them to be. Thus, we see that the return profit may not be quite worth the hassle of purchasing such a property. The reality for most serviced accommodation owners is that their property loses value overtime, so the hassle becomes even more apparent (and the risks are even greater).

These are just a few of the risks associated with purchasing serviced accommodation properties. They should always be considered before purchasing such a property, because you want to minimise your chances of losing out. Nonetheless, people do purchase said properties, and end up doing quite well. In order to succeed, you must simply plan well, research well, and execute well.

Fixed Mortgage Rates Continue to Fall

As a kid you tend to focus on the simple pleasures that life has to offer. You enjoy being outside, playing with toys and hanging out with your friends. As you move closer to adulthood, however, you have to start to focus on slightly more complex things. One of the things that you have to focus on is mortgages. Mortgages are complicated things that the vast majority of people have to worry about. One particular type of mortgage is a fixed mortgage. As of late, fixed mortgage rates have fallen and continue to do so. Let us, therefore, explore what this means and the effects that this could have on the wider world.

Before we start, however, I’d like to offer up a simple definition for a fixed mortgage. A fixed mortgage is a mortgage which guarantees that your mortgage rate will stay the same until the mortgage period ends. This period can be any amount of time, but typically is between 2-10 years. According to the Chelsea Building Society, fixed mortgage rates have reached record lows of 1.84%. One contributing factor is the low interest rate set by the bank of England.

Another contributing factor is the vast amount of competition which has led to some mortgage firms lowering their prices. As such, people have decided to purchase fixed mortgages whilst they can. These purchases are also partially made due to anxiety because of the possibility of higher mortgage rates in the future. 

In conclusion, I hope to have briefly explained what fixed mortgage rates are, why they are falling and the effects that this could have. In order to save money on your mortgages, you should use comparison sites; however, ensure to be careful when doing so.

Is increased portal choice benefitting investors?

An investor’s job is to find a property which he or she believes will best suit his or her interests. By investing in such a property, he or she may receive more money from potential renters which is wholly beneficial. What is more, an investor may invest in the perfect holiday home, which is (once again) wholly beneficial. The question is, however, is increased portal choice benefitting investors? One could argue that by having a wider portal choice, an investor will be able to reach a larger audience. This would, therefore, enable them to find more people looking to buy or sell a property. I agree with this point and would therefore like to briefly explore some of the other benefits of having an increased portal choice.

An investor looking to sell a property will benefit from an increased portal choice because his or her property will be advertised across multiple platforms. This means that it will be advertised to more people, hence giving it a better chance of being sold. The same can apply for people looking to rent properties which they have invested in.

Many people make the mistake of only browsing through a few portals. By using multiple portals, you will be more likely to find the perfect property. It’s just like when you’re looking for the perfect pair of trainers; you wouldn’t just browse through a single website. Instead, you would look at a wide variety of sites in order to find something that suits you. The same can be said for investors looking to buy or sell a property. In conclusion, this is just a brief explanation of the benefits of an increased portal choice. It gives you more freedom to manage your investment opportunities, so I would highly advise you to take this. Nonetheless, ensure to do your research so that you can find a set of portals that suit you best.

America are destined for a recession

The United States of America is an extremely large country which covers the vast majority of Northern America. The country is made up of 50 states and is known for being one of the best places to visit. What is more, America has also been known for its extraordinary economy. The American economy has been very strong; however, there are now concerns that America may soon go into a recession. A recession will severely affect the citizens of the country and may even harm the American housing market. Let us, hence, briefly explore potential factors that could contribute towards an American recession and the effects that a recession could have on the housing market.

One potential factor that could lead to an American recession is the trade war between America and China. The trade war between America and China has led to the implementation of a large number of tariffs which have made goods all the more expensive. Therefore, consumers are less likely to purchase them, and hence economic activity may decline. This is the type of thing that could lead to a recession, so the implementation of tariffs must be managed.

A recession can be harmful for the housing market, because it will affect the way in which people purchase houses. During a recession, consumer confidence is likely to be low; consumers will be feeling less wealthy and so they may be less likely to purchase property. As such, property sales and prices become volatile. The worst part about this is that the government will struggle to intervene, since it is likely to worsen the recession.

In conclusion, these are just a few factors and effects of a recession. We all hope that an American recession will be avoided, because this will ensure that the global economy can continue to prosper. It does, however, require proper and effective action to be taken.