Rents will Rise Faster than Property Prices in Derby

The next five years will see an interesting change in the Derby property market. My recent research has concluded that the rent private tenants pay in Derby will rise faster than Derby property prices over the next five years, creating further issues to Derby’s growing multitude of renters. In fact, my examination of statistics forecasts […]

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Derby’s ‘Generation Trapped!’ and the £11.08bn Legacy

Last time, I wrote an article on the plight of the Derby 20 something’s often referred to by the press as ‘Generation Rent’. Attitudes to renting have certainly changed over the last twenty years and as my analysis suggested, this change is likely to be permanent. In the article, whilst a minority of this Generation Rent […]

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‘Generation Renters’ – “We have no intention of buying in Derby!”

The good old days of the 1970’s and 1980’s eh. … with such highlights lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts … those were the days (not)… but at least people could afford to buy their own home. So why aren’t the 20 and 30 something’s buying […]

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Derby First Time Buyers borrow £209.5m in 12 months..

Let me start with the bigger picture; Over the last 12 months in the UK, 1,061,557 properties were sold with a total value of £223.74 bn. To give that some context, ten years ago 1,581,727 properties sold with a total value of £405.56bn, so it can be seen the number of people moving house has dropped […]

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How Often Should You Inspect Your Rental Property

Whether you are managing your own property or a letting agent is doing it for you, how often should there be a property inspection? Inspect too frequently and you risk souring the relationship with your tenants and having to find new ones whereas don’t carry them out often enough and you may miss some potentially […]

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With over 41,000 renters in Derby, is the market saturated?

If I were a buy to let landlord in Derby today, I might feel a little bruised by the assault made on my wallet after being, and continuing to be, ransacked over the last 12 months by HM Treasury’s tax changes on buy to let. To add insult to injury, Brexit has caused a tempering […]

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5% Unemployment in Derby and it’s effect on Property.

It was late May 2016, The Right Hon. Member for Tatton, Mr George Osborne, published an official HM Treasury analysis stating UK house prices would be lower by at least 10% (and up to 18%) by the middle of 2018 compared with what is expected if the UK remained in the European Union. So, almost […]

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Is Buy-to-Let in Derby Immoral?

‘An Englishman’s Home is His Castle’ as Maggie Thatcher lauded – everyone should own their own home. In 1971, around 50% of people owned their own home and, as the baby-boomers got better jobs and pay, that proportion of homeowners rose to 69% by 2001. Home ownership was here to stay as many baby boomers […]

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Computer says ‘NO!” to Derby youngsters..

Remember Carol Beer in ‘Little Britain’? Well, she seems to be making a comeback in Derby… Can we blame the 55 to 70-year-old Derby citizens for the current housing crisis in the city? Also known as the ‘Baby Boom Generation’, these Derby people were born after the end of the Second World War as the […]

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Derby Property gets a surprise 9% boost!

It doesn’t seem like two minutes ago that it was Christmas – and now it’s all over! Just before the end of the year and after taking down the office Christmas decorations for another year, I thought I would nip out for a quick festive coffee and over-priced mince pie at my favourite local coffee […]

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