Why Landlords Are Leaving London

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Why Landlords Are Leaving London

Рет қаралды 71,306

Property Hub

Күн бұрын

Пікірлер: 141

@PropertyHubUK Ай бұрын

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@CameronFussner Ай бұрын

I think house crash is already happening and Landlords leaving is because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for now/future and the cost of living rising at a high speed.

@leojack9090 Ай бұрын

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@hasede-lg9hj Ай бұрын

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@hasede-lg9hj Ай бұрын

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@fadhshf Ай бұрын

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@bopndop2347 Ай бұрын

Thank god for it. I've been renting in my flat for the past 6 years and my landlord told me she's selling 3 months ago. I'm buying the flat from her.

@junioreis2009 Ай бұрын

@SB-dg8hq also one less family looking for a flat, so what is your point?

@thorkushari4027 Ай бұрын

@SB-dg8hqLet me guess, clueless socialist?

@freemason4979 4 күн бұрын

Its not "landlords" keeping prices us, the govt controls the supply through: land control, zoning laws, building regulations, and lets not forget the NIMBYs. The rest is just propoganda to make U forget this, so U vote more govt control, and thus, less competition and more misery

@xmagicmike97x Ай бұрын

All I'm hearing is rip off landlords are leaving and house prices are going back to reasonable as there isn't an inflated market anymore.

@jendrizzyy Ай бұрын

Not always the case

@si8568 Ай бұрын

It's caused and issue for councils and they relied on landlords to solve the homeless issue. It also caused landlord who have older freehold properties to cash in making the rich richer. Flawed plan from the government

@MrDrepanon Ай бұрын

Thought that the homeless issue was due by poverty😂

@dorothyd2559 Ай бұрын

Please talk about article 4 for HMOs. It is a nightmare for Landlords and most people in Landon cannot afford the rent out the whole house. You also need to talk about all the selective licensing fees and additional money grab from landlords.

@anthonygeo8598 Ай бұрын

You missed that most councils in London have enacted selective licencing schemes. Meaning a hefty 5 yearly fee, and additional rules to follow.

@alanc457 Ай бұрын

Yeah instead of targeting errant landlords only, they skim a bit off everyone while doing nothing at all to solve the problems selective licensing is supposed to tackle

@Real_Matt Ай бұрын

why would anyone ever buy a property to rent out in London? Here's £500k to geta 2 bed flat that rents out for £2.5k, those numbers are madness.

@TonyWelch75 Ай бұрын

Coz that £500k flat was worth £250k 15 yrs ago and they’re hoping it’ll continue to rise

@beemerdek Ай бұрын

No that's not true. They've dropped if anything @TonyWelch75

@coolmonkey619 Ай бұрын

That's 6% yield not bad

@jerryorange6983 Ай бұрын

Because you buy them to do not keep cash. If you have too much cash show me a safer and less risky investment. London property prices double every 10 years. The thing is that London is not for small investors anymore.

@alexstone1492 Ай бұрын

@@coolmonkey619same as buying gov bonds, no SELC, no risk

@rockerjim8045 Ай бұрын

buy to let us a waste of money. pool your cash and buy a build plot with planning. build then sell. I’ve made more money in one build than i did with 8 buy to let’s

@LaluBhaiya1233 Ай бұрын

And you're providing housing that people actually need, new homes

@aliasgur3342 Ай бұрын

What do you mean by pool?

@rockerjim8045 Ай бұрын

@@aliasgur3342 Pool = gather what money you have and invite as many other people as you can to invest with you. I had two main partners. Bought an old house for £431K spent £350ish K sold for £1.3M

@MsJustice4ever Ай бұрын

Great content and no cheesy piano music, I like 👍 Regarding the topic, I own a second home that’s a 3 bed semi in zone 5 west London, and although it’s not currently rented out, I could get 1.5K pcm easily for it, however the mortgage is 1k on it (repayment), after taxes I’d make no significant profit if it was rented out. Landlords no longer make profits like they used to so they are selling up, but it applies to other parts of the country too, not just London.

@thatgreypain Ай бұрын

Good! Cause being a landlord is not a job and should not be while we have people who never owned a property struggle with massive rents.

@raybans8712 Ай бұрын

@@thatgreypainwhat about people who can’t afford to buy and need to rent?

@MsJustice4ever Ай бұрын

@@thatgreypain of course, but with landlords selling up, supply of housing for rent will go down, and that will further increase rental fees, so what’s the solution?

@thatgreypain Ай бұрын

@@MsJustice4ever landlords sell to people who want to buy for a reason, either to become landlords themselves or to live in the house. The process of selling rental property naturally leads to a price decline, which in turn helps people to jump on the property ladder. Equally, the price decline means that rent naturally decreases as well as owners pay a smaller mortgage. This is the economic cycle of supply and demand.

@MsJustice4ever Ай бұрын

@@thatgreypain but that’s the issue, there has been a landlord exodus for a while now but property prices are still unaffordable for the majority of people. There are too many people for too few rental properties as it is, and some people never buy and always going to rent so some landlords are needed.

@garypadiham3221 Ай бұрын

I wonder if a local council that buys property to house homeless and migrants have to pay the 3% extra?

@richardmadden8742 Ай бұрын

They don't rent to make a profit because they are offering social housing........which is for need.

@graemewestbrook8826 6 күн бұрын

Council do rent to make money you melt 😅😅😅😅

@aliasgur3342 Ай бұрын

The 5% drop likely includes central London prime and might be skewing the figures. Central and suburban areas are two markets.

@Benzknees Ай бұрын

Interest rates is surely the main answer. Following the 2008 Crash, 14yrs of QE kept rates at extraordinary lows. Now rates have normalised, mortgages have become more expensive wiping out whatever yield you earn on rent. And that's before stamp duty, EPCs, gas & electric safety certs, smoke & CO alarms, letting agent fees, landlord licenses, ICO reg, insurance, tenant acquisition, empty/void periods, maintenance, damage not covered by the deposit, legal costs, income tax & (unless you're called Angela Rayner) capital gains tax when you sell.

@antsly Ай бұрын

Brilliant. I was able to keep my rent at its current rate after the landlord proposed an increase, given the softening of the London housing market. I have no intention to buy a home but for those that want to, landlorda flooding the market with properties will decrease prices.

@senanur1983 15 күн бұрын

So my rent will go down this year when my contact is up? Don’t think so.

@stevozrepto5558 Ай бұрын

I sold my 2 flats , Shit investment, and massive headaches 🤯🤯🤯🤯

@djohnston6856 Ай бұрын

Lol. I guess parasitism isn't for everyone

@keithclunk3125 Ай бұрын

Maybe the microphone is a bit iffy or you're using some audio effect post production, I don't know, but the audio has little troughs where occasional words become inaudible. I've noticed it before on a previous video too. Back to topic - Not all landlords are mean and uncaring. I was an accidental landlord and have been for over 12 years now, but I want to sell the property in London giving the tenants at least 6 months notice. They are good people but I'm finding it difficult to pull the trigger and send the instruction to the agent.

@johncenator3146 Ай бұрын

Its the way he edited the video I think

@InsightHub-k5r Ай бұрын

Finally you've got a good video ❤🎉

@mattjackson777 Ай бұрын

Property is a horrible investment now, after two decades of making double on what should typically be expected from a low to medium risk investment, now faces the wakeup call of several decades of low to negative performance as a result. The next massive problem which is the main reason to avoid property as a long term investment going forward is the collapsing global birth rate. In short, the worlds population is now stagnating and set to decline by over a billion people over the next 50 years, in a couple of decades time even with zero house building, supply will be outstripping demand year-on-year leading to lower and lower prices. The global elite know this is coming so want to shift to a renter based market rather than a buying market. The problem is how do you manage the transition without it collapsing the banking sector, expect to see another major global crash within the next decade as all the bad debt brings the banking sector into meltdown again.

@Avdarmaly Ай бұрын

You are talking about the whole world. But people from poor countries (where population keeps growing) will always do their best to immigrate to rich countries like the UK. So there won't be any decline in population in this country as long government will keep allowing immigration to this country. The moment immigration to here stops, everything you said will become a very sad reality.

@sirrodneyffing1 Ай бұрын

Short of direct price controls on rents, Tories meddled with other :levers': but the effect is exactly the same as price controls anyway: shortages and higher prices - it's cyclical stupid idea of Governments thats as old as the hills.

@marcus.H Ай бұрын

Around about the 1:00 point the audio starts going up and down a lot. Please fix

@alijack Ай бұрын

Good video but the audio is strange

@MsJustice4ever Ай бұрын

Yes but at least there’s no cheesy piano music like in some of the previous ones, credit where credit due to him 😆

@photoman3579 29 күн бұрын

THEY HAVENT LEFT, THEY JUST ARENT RENTING IN LONDON TO FAMILIES !

@jakeblair4215 Ай бұрын

Russian money flooding out

@ZafarIqbal-jl8yq Ай бұрын

Really 😮 please give some evidence

@beckyb76563 Ай бұрын

There is no video link at the end to watch next.

@interestingvideos4728 22 күн бұрын

im not.

@deepakahuja3413 Ай бұрын

Remember the word “ circle “ all asset classes go through ups and downs - holding an asset in a blue chip area is simple common sense . What grows faster also falls faster . I am not a landlord just fyi

@mohammeduddin2334 Ай бұрын

Why there a picture of sadiq?

@mattanderson6672 Ай бұрын

Thank you !!

@_Tony.Montana Ай бұрын

Labour is always a Taxing political party, too many investors will live London and it will end the housing market. That Labour government won't last for long.

@mango4ttwo635 Ай бұрын

good

@trickydicky90 11 күн бұрын

London is not unique than any other city in UK regarding buy to let . The extra stamp duty for BTL is universal.

@user-gr3uv7wy9f Ай бұрын

After having been abused 8 times in the past 4 years in London by landlords, for whom it is a game, IDK what to think. Are they going to have the same behavior out of London? 😅

@Lee-xl9fb Ай бұрын

To have been abused once in 4 years sounds like bad luck and a bad landlord. To be abused 8 times by landlords in 4 years sounds like you were an awful tenant.

@user-gr3uv7wy9f Ай бұрын

@@Lee-xl9fb I'm a European and have to pay the entire year for bad housing, not the ones depicted in the bridgertons may I say. So I went back to my country. The landlord hold you if you are a european and do whatever they want of you. After a few months If you go, the refund for 8 remaining months will never come and they know we cannot go to the court... Are you okay?

@pleasuresofthedamned5245 Ай бұрын

Demographic change

@philjohnson3829 Ай бұрын

I was in London today and it's the quietest I've ever seen it this time of year - even Covent Garden . The Khan effect..

@garnhamr Ай бұрын

how the f did he get voted back in?

@SycAamore Ай бұрын

It's the rain, buddy...

@davidholgate123 Ай бұрын

@@garnhamrBecause it's not British anymore... That's what the whole country will be like in future.

@jonathanjonathan7386 Ай бұрын

after effects of the covid hysteria

@oa8420 Ай бұрын

@@garnhamrthe other candidates handed it to him.

@81Earthangel Ай бұрын

4:04 That graph is misleading on purpose. The gap didn’t grow much at all. If you look at the percentage (relative) difference of prices in London and outside you can see it increased but not by much. London was always way more expensive than the rest of the country.

@johnB11ify Ай бұрын

Actually London was affordable in the 90s with one person's wage and a low wage. London didn't get crazy until the Blair years. That's when it started to get out of control

@81Earthangel Ай бұрын

@@johnB11ify Yeah I am talking since 1999 like on the Chart

@Spazza42 Ай бұрын

“Fallen by 5%” - Yeah, that’s great that they’re still completely unaffordable

@Coisiniiiiii 11 күн бұрын

Landlords are leaving London, but did you know? ‘This $500,000 property will cause the London property market to crash’! This may be one of the real reasons behind it. Want to know more insider information! 🏠💣 Go search now!!!

@MaxMax-lj2ww 3 күн бұрын

Hello I iz landlord in Uzbekistan I rent tent to family they pay very wells 100 dollars a years plus 5 dollars tax I iz richest men in my village of 24 peoples

@bobbyboyderecords Ай бұрын

Sounds like Norman Collier

@barrycooke2360 Ай бұрын

There can be only one!

@paulreynolds9003 Ай бұрын

They can fill them up with the boat migrants.

@InsightHub-k5r Ай бұрын

Just imagine to have some money left to buy a gucci bag people move north ❤

@f-empire-8 Ай бұрын

Almost seems like Freehold is attracting the world to buy up chunks of our country.. while the actual working class get poorer, as opportunities diminish due government legislation.

@chrisnunn7888 Ай бұрын

Great Reset.

@auditt5450 Ай бұрын

I did

@eileenemmins5875 Ай бұрын

KHAN is the kiss of death for London

@THENEONJAY Ай бұрын

thanks just so you know - the sounds is terrible

@si8568 Ай бұрын

Government wants Foreign investment

@Anthony__5t4t Ай бұрын

But all this bravery amounted to nothing at all.

@pinxtownington4645 20 күн бұрын

Good riddance now a particular community will step in and start taking over stree by street,in ten years you will not recognize the place unless you are from

@mxgagat Ай бұрын

There are a bunch of brits who want a flat but don’t want to pay for it…. being a squatter is the new national sport in the UK 💯ma advice avoid to rent your property to born and raised english ones at all cost!!!!!😭

@Avdarmaly Ай бұрын

Would you elaborate more if you had any experience in this, please?

@BreakBeatStu Ай бұрын

The great replacement in effect

@JM-gu3tx Ай бұрын

A hoodie for a sophisticated real estate analysis presentation video? Wow. Good grief..

@johnwarren9112 Ай бұрын

Everyone should leave the uk with Labour in charge 🐍🐍🐍

@serverthanos Ай бұрын

Good. Don’t let the door hit ya

@johnwarren9112 Ай бұрын

@@serverthanos You is funny brobro 😆😆

@garethwilliams4467 Ай бұрын

@@serverthanos but who will pay your benefits and your childrens "free" dental appointments when I leave ?

@serverthanos Ай бұрын

@@garethwilliams4467 Buddy, I am a higher rate taxpayer with a plan 2 student loan and postgragraduate loan. I pay my fare share. I would still rather have a benefit system than have your unpatriotic, globalist self pretending you love the country when all you do is complain. If you don't like our British Isles, our values of fairness, compassion, self determination, you my friend are welcome to leave. Simply pack up and go. People literally shove themselves on dinghies and cross bodies of water just to set foot on English soil, whereas you complain incessantly about how unfair your life is because you have to pay tax.

@user-ml7dh8ph6i Ай бұрын

Why would anyone want to live in Muslondon. 🤔

@Joseph___5w6 Ай бұрын

Behold! The BTC transaction has safely reached our coffers.

@DhimmiQuimStarmer 15 күн бұрын

Forcing out private landlords so Qatari based funds can buy them up and then rent out to the govt (at hugely inflated rates) to house the illegals that they are involved in importing.

@simonhollis5256 Ай бұрын

Nothing to do with London increasingly resembling a Sub-Saharan African city, surely

@abbeyhaynes525 Ай бұрын

Don’t talk rubbish. I left UK 3 years ago to go live in one of those ‘sub-Saharan African cities’ and I rent a luxury apartment in a very clean, top notch security, quiet estate with great transport links for less than £150 a month including practically 24/7 electricity supply, broadband and Netflix subscription at exchange rate of less than £5 per month. I was paying over £3k a month rent and bills on a bog standard 2 bed flat in Highbury when I temporarily moved back to London in 2017 I let out my mortgage~free 3-bed house in Berkshire for £2.3k a month. I live like Royalty in Africa for peanuts😍😛 Go figure😇

@camsmith931 Ай бұрын

And you forget, the British went and colonised African countries (un invited) so people from the African continent truly have every right to come to the UK. P.S and where would the England football team be without immigration!

@_permanence Ай бұрын

Bye 👋 🎉😂🎉🎉🎉

@sdwone Ай бұрын

Good!!! All the VAST majority of them care about... Is making money!!! At the expense of people's lives! Go gamble with something else!!! Like the damn Stock Market!!!