Housing Hand launches in Ireland as the next step in its expansion strategy

Housing Hand launches in Ireland as the next step in its expansion strategy

Uncategorized
  • Housing Hand is the only rent guarantor service in Ireland
  • International student numbers in Ireland up 45% between 2013 and 2017 (European Migration Network)
  • Irish base positions Housing Hand for future expansion into Europe

The challenge of having to stump up 6 to 12 months’ rent in advance when you don’t meet strict letting criteria affects renters around the world. That’s why trusted rent guarantor service Housing Hand is officially launching in Ireland. Following a soft launch in the Emerald Isle last year, the company has named Ireland as the first step in its strategy to expand across Europe and beyond.

The demand for Housing Hand’s service following the soft launch contributed significantly to the official launch of the first full Irish service. Purpose-built student accommodation (PBSA) is growing in popularity in Ireland, but the fact that students sign licences instead of leases means that rents can rise dramatically. While leases are capped at increases of 4%, no such protection currently exists in the purpose-built student accommodation sector (though future changes to the Residential Tenancies Amendment Bill will cover those living in PBSA developments).

We’ve spent the last year establishing partnerships in Ireland and working with local accommodation providers to put the structure in place for delivering our rent guarantor service in major urban areas across the country. Now, we are delighted that Housing Hand is officially launching in Ireland, with a brand new Irish website to boot, ensuring that international students and working professionals can enjoy fairer access to purpose-built and other types of student accommodation there.”

Jeremy Robinson, Group Managing Director, Housing Hand

Dublin is very much the core of Ireland’s academic offering. The city accounts for 43% of the country’s total student population, with some 183,475 young people studying there. However, existing PBSA schemes only cater to 13.2% of the student body.

Thankfully, the 2017 National Student Accommodation Strategy is seeking to address this, with a target of constructing at least 16,374 additional PBSA bed spaces by 2024 (taking the total in Dublin to 28,806). Some 6,180 of these were already under construction by mid-2018, according to Cushman & Wakefield, although the Union of Students in Ireland argues that the rate of development is still insufficient to meet current demand, let alone future requirements. That body estimates that the shortfall stands at 16,000 PBSA bed spaces as at 2019.

While developers race to cater to the growing demand for PBSA bed spaces, Housing Hand is supporting both them and the international students who need to access them. With neither a local credit history nor access to a guarantor with a local credit history, demands to pay as much as a year’s rent in advance are not uncommon. Understandably, having to find upfront rent payments of 50-100% of a year’s accommodation is a huge barrier to studying in Ireland.

The European Migration Network highlights how significantly demand for Irish higher education has surged and what a problem it is for those coming from overseas to study in Ireland to find affordable accommodation. It reports that the number of international students heading to Ireland rose by 45% between 2013 and 2017, with residence permits increasing from 9,300 in 2013 to 13,500 in 2017.

Part of the surge in Ireland will undoubtedly be due to the Brexit effect, where uncertainty about attending UK higher education establishments for international students means that Ireland is more attractive, as it will remain part of Europe.

The huge jump in demand was one reason that Housing Hand began to establish its presence in Ireland in the first place. It is the only such guarantor service operating there. The company already supports large numbers of students and working professionals to move into private rented accommodation in the UK. To date, Housing Hand has received over 70,000 applicants from 141 countries. The company works with more than 3,000 accommodation providers and has guaranteed rent for thousands of students and working professionals, across both the UK and Ireland. Since its creation in 2013, Housing Hand has covered more than £120 million in rent.

Officially launching in Ireland means that Housing Hand not only cements its position there, but also gains a trading base within the EU, in preparation for the UK’s potential departure from the bloc – whatever form that exit may take. When Brexit occurs, the company will no longer trade as a UK service with a branch in Ireland, but as an Irish service in its own right, with payments taken in euros instead of pounds. The service is currently available to international students studying in Ireland. In future, the intention is to roll it out further to include all students and working professionals living in Ireland.

“Following the success that Housing Hand has achieved in the UK, we are looking forward to working with accommodation providers, students and other tenants across Ireland. A presence in Ireland also means that we are well positioned to deliver services there post-Brexit, as well as in the EU, in line with our expansion strategy.”

Jeremy Robinson, Group Managing Director, Housing Hand

 

For more information please contact Housing Hand today on +44 (0) 207 205 2625 or visit https://www.housinghand.co.uk/

 

 

Insta-ready Spanish holiday homes to move into this summer

Insta-ready Spanish holiday homes to move into this summer

Spain ,
  • Taylor Wimpey España announces summer special offer on 3 Costa del Sol developments
  • Key-ready homes available for use this summer
  • One family so delighted they convinced their friends to buy too

With more than 60 years’ experience, leading Spanish home builder Taylor Wimpey España has just launched its summer sales campaign, with three special offers available for buyers looking for holiday homes in the Costa del Sol.

Penthouses at La Floresta Sur, in Elviria, are available for 5% less than their usual price, now starting from €370,000 plus VAT. Apartments in the same development are now available from €222,000 plus VAT.  Summer special offers of 8%, meanwhile, have been applied to the company’s three-bedroom apartments at Botanic, in Benahavis (prices from €355,000 plus VAT), and to the three-bedroom townhouses at Horizon Golf, at La Cala Golf in Mijas (available from €399,000 plus VAT).

We have applied special offers to a selection of key-ready homes in order to help buyers achieve their dream of owning a Spanish holiday home in time for the summer season. This is our busiest time of year, so we expect these properties to sell fast, particularly given the Costa del Sol’s continuing popularity.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Spain has seen visitor numbers rise markedly this year, with the latest projections from the Ministry of Industry, Commerce and Tourism anticipating an 8.9% increase in visitor numbers over the April to June 2019 period, with tourist spending growing at an even faster rate.

For those looking for more than just a few days in the sun, Taylor Wimpey España’s Instagram-worthy holiday homes tick all the right boxes. Horizon Golf’s superior construction quality and stylish finish were key drivers in Monique and Jean Pierre Vermeiren purchasing a home there. Not only that, but the couple spoke with such conviction and enthusiasm about their new Spanish holiday home that a friend was persuaded to purchase a penthouse in the same building.

“We put a great deal of thought into the design of our properties, making sure that they are ideally suited for a relaxing lifestyle. From large, south-facing terraces to the size of our communal pools, each home is designed for maximum enjoyment, so it’s hugely gratifying to hear such positive feedback from our buyers.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Along with key-ready holiday homes available in the Malaga/Marbella region, Taylor Wimpey España also has homes ready to move into in Villajoyosa, on the Costa Blanca in Alicante. The frontline, two-bedroom apartments at La Vila Paradis boast impressive sea views and direct access to Playa Paraiso Beach, while communal facilities include swimming pools, private parking and beautifully landscaped gardens.

For buyers looking for the perfect sun-kissed second home to enjoy this summer, the time is now!

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.

Taylor Wimpey España invests almost €100 million across three Spanish regions in 2019

Taylor Wimpey España invests almost €100 million across three Spanish regions in 2019

Spain ,
  • Mallorca and Ibiza investment totals €48.4 million
  • Canyamel Pins is latest island second home development on Mallorca
  • Costa del Sol and Costa Blanca also receiving considerable attention

Leading Spanish home builder Taylor Wimpey España is on track to  invest €98.2 million in the first half of 2019, spread across its three main areas of activity: Mallorca/Ibiza, the Costa del Sol and the Costa Blanca. The expert residential housing developer has been building along the Spanish coast for 60 years. So far this year, the company has already launched four new Balearic Island sites, investing €48.4 million in second homes on Mallorca and Ibiza.

The latest development is Canyamel Pins, on Mallorca.  The new development is located in Capdepera, in the northeast of ​​the island. It follows the launch of Blue Cove, a complex of apartments and townhouses on the seafront in Cala Lliteras, Cala Vinyes Hills II, a selection of townhouses in Calviá and Sunset Ibiza, a residential apartment development on the seafront in Cala Gració, Ibiza.

Our first four Balearic developments this year have seen Taylor Wimpey España commit €48.4 million to the building of 140 new homes across Mallorca and Ibiza. Mallorca is one of our key areas, with strong demand from buyers seeking the ideal holiday home – one that combines the perfect location with quality, design and style.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Canyamel Pins is home to a selection of two- and three-bedroom apartments with two bathrooms. The contemporary residences combine traditional Mediterranean design with modern architecture and high-quality finishes. Room numbers, surface area and layout vary in order to meet a range of customer needs.

Built to Taylor Wimpey España’s strict quality standards, the apartments have large terraces, fully furnished and equipped kitchens and bathrooms with exquisite ceramic finishes and high-end fixtures and fittings. Just a few minutes’ walk from Canyamel beach and Canyamel Golf, the development includes extensive communal areas, with swimming pools and lush gardens. Each home also has its own parking space.

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

Is now the time for London’s buy to let resurgence?

Is now the time for London’s buy to let resurgence?

United Kingdom ,
  • London rents to rise by 15.9% in 5 years to 2023 – faster than UK average (Savills)
  • Luton voted 2019 top commuter hotspot (Jackson-Stops)
  • New development The Orion key to addressing Luton’s housing shortage (Surrenden Invest)

With prices correcting over the last two years, London has definitely not been the choicest of locations when it comes to buy to let investments. However, specialist property investment agency Surrenden Invest believes that the capital’s fortunes are on the turn, making now the ideal time to consider commuter belt properties in areas of pent-up demand, such as Luton.

“Life in Luton means easy access to the best that London has to offer but without the capital’s extortionate housing costs. The town has excellent amenities with a lively local culture that appeals to those looking to balance access to London with a realistic lifestyle. This is one of the reasons that Luton exhibits such excellent growth potential.”

Jonathan Stephens, MD, Surrenden Invest

According to Savills, London will lead the UK’s compound rental growth over the five years to 2023, with growth or 0.5% this year accelerating to 1.5% in 2020, 4.0% in 2021 and 4.5% in the following two years. The overall growth rate of 15.9% compares to growth across the rest of the UK (excluding the capital) of just 11.5%. This is certainly good news for those looking at investing in residential property in and around London.

Luton is a growing town that is known for being one of London’s most sought-after commuter locations. Indeed, Jackson-Stops has just flagged it up as the top commuter hotspot for 2019.

Luton is located 30 miles north west of central London. Direct trains run into London St Pancras International in as little as 22 minutes. 167 trains per day provide an almost round-the-clock service. Rents, meanwhile, are around 1/3 of the cost that they are in London. For renters, it is the ideal combination.

Luton’s population is increasingly rapidly. Between 2018 and 2041, the Office for National Statistics projects that the town’s population will grow by 12.9%, to 248,500. At the same time, it is in the grips of a serious housing shortage, as is the case with many towns and cities in the UK. However, Luton’s housing shortage is more acute than most, with Project Etopia projecting that it will be 22.1 years behind where it needs to be in terms of housebuilding by 2026, if the current rate of development continues. At present, Luton is building 430 new homes per year – it needs to be building 1,417 to meet demand.

One development racing to meet this demand is The Orion, located just minutes from Luton train station and town centre. The 67 high-end apartments are precisely what contemporary renters are seeking – high-spec homes in a superb location that provides easy access to both London and Luton itself. Offering a mix of one- and two-bedroom homes, they are also ideal for investors looking to capitalise on the resurgence of the London commuter belt as an investment prospect.

Luton’s housing shortage spells good news for buy to let investors over the longer term, as it points to a sustained level of demand for private rented accommodation in the town, as tenants snap up those homes that are available. It also has the potential to drive up house prices (as well as rents and yields). Luton is already bucking the trend in terms of house price rises. While many southern locations are seeing a market correction at present, with falling prices or nil growth, Luton’s prices rose by 1.6% in the year to April 2019. Savills, meanwhile, projects growth of 9.3% in the five years to 2023 for the wider South East region.

In terms of its rental market, Luton enjoys an average rent of £632 pcm for a one-bedroom apartment and £828 pcm for a two-bedroom one, according to Zoopla – significantly less than equivalent homes in London.

“It is Luton’s combination of capital growth potential and pent-up demand for private rented sector homes that has caused the town to top LendInvest’s UK buy to let index for so much of the past three- or four-year period. This is a town with outstanding growth potential.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Apartments win out over villas as Taylor Wimpey España launches new Canyamel Pins homes in Mallorca

Apartments win out over villas as Taylor Wimpey España launches new Canyamel Pins homes in Mallorca

Spain ,
  • Spain now accounts for 21% of European second home purchases (Savills)
  • Canyamel Pins becomes 4th launch of 2019 for Taylor Wimpey España
  • Growing demand for smaller, cheaper second homes since 2013 makes case for apartments over villas

Leading Spanish home builder Taylor Wimpey España has revealed details of its latest development in Mallorca – Canyamel Pins. The announcement comes as Savills reports a range of factors that point to apartments increasingly becoming more appealing than villas when it comes to second home ownership.

Just 0.4 km from Canyamel beach and 0.6 km from the 18-hole, par-73 course at Canyamel Golf, Canyamel Pins offers a selection of two- and three-bedroom apartments set in beautiful landscaped grounds complete with communal pool. The Mediterranean design blends with contemporary architecture and impeccable finishes in order to deliver spacious, modern homes with large terraces that are ideal for making the most of Mallorca’s abundant sunshine. Prices start from €342,000 plus VAT.

It has already been a busy year for the Taylor Wimpey España team. When not launching new developments (Canyamel Pins is their fourth so far in 2019), the team have been scaling the mountains of Wales in order to raise money for charity. The Challenge 2019 event saw teams from across Taylor Wimpey compete, with the Spanish delegation coming first in the TRIAL group and raising €5,944 for two good causes: The Youth Adventure Trust in the UK and DEBRA in Spain. Overall, Taylor Wimpey raised £200,000 as a result of its Challenge 2019 events.

“We’re delighted to be launching another Mallorca development, as demand for second homes on the island maintains its momentum. Buyers are keen to experience the very best that Mallorca has to offer, from its superb beaches to its pristine golf courses. That’s why we’ve chosen the location of Canyamel Pins so carefully – so that buyers can enjoy everything at their fingertips.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

According to Savills’ Impacts: The Future of Global Real Estate report, smaller, cheaper properties have seen a notable increase in demand since 2013. The immediate aftermath of the global financial crisis saw capital-rich buyers focusing intently on prime locations and properties, but the easing of credit conditions over the following years has resulted in buyers looking at a wider range of more affordable locations and property types.

Apartments are particularly well suited to such buyers. Not only do they tend to be more affordable, but the upkeep costs are often lower, not to mention the hassle. Buying on a development where you can lock up and leave your second home and return to it weeks or even months later to find everything in perfect condition is often much more appealing than having to spend the first days of your holiday tackling a garden that has turned into a jungle during your absence.

Savills also points out Spain’s increasing importance as a destination for second home buyers. It now accounts for 21% of all second home sales within Europe, while back in 2011 the figure stood at just 11%. Buyers from Britain, Holland, Germany, Italy and Portugal (among others) all cited Spain as the top foreign destination for their next investment in response to the Savills survey.

“With Canyamel Pins, we’ve listened to what buyers want in property terms, as well as location terms. The apartments have been designed to offer a superb, relaxing holiday experience, from the layout of the rooms and terraces to the thermal and acoustic insulation. They will also work well for those buyers looking for second homes that combine affordability and convenience in a way that villa properties so often struggle to do. The result is, ultimately, more relaxing holidays – which is very much the point of owning a second home!”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

Andalusia property sales up nearly 20% as buyers can’t get enough of the Costa del Sol

Andalusia property sales up nearly 20% as buyers can’t get enough of the Costa del Sol

Spain ,
  • Sales in Andalusia up 19.7% in year to March 2019 (INE)
  • Jet2 increasing UK-Spain flights by 10% this year
  • Appeal of traditional sunshine destinations remains strong (Taylor Wimpey España)

Property sales in Andalusia shot up by 19.7% in the year to March 2019, according to the latest figures from Spain’s National Statistics Institute (INE). It seems that buyers just can’t get enough of the sun-kissed coastline, which is home to perennial favourites such as the Costa del Sol.

Leading Spanish home builder Taylor Wimpey España has been building holiday homes along the Spanish Mediterranean coast for the past 60 years and has a deep-rooted understanding of just what it is that keeps holidaymakers and second home buyers coming back for more.

There’s no single factor that makes the Costa del Sol so appealing – rather, it’s the way that the area blends so many charms into one overall package. The beautiful climate is of course a major draw, as are the area’s outstanding Blue Flag beaches and multiple golf courses. The charm of the local towns is another key factor, as is the fantastic cuisine. And all of it at some of the most affordable prices in Europe.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Spain was the only country to enjoy three entries into the Post Office Holiday Costs Barometer in 2019, which ranks the cheapest holiday destinations in Europe. Torremolinos, Benidorm and Alicante made it in at positions four, five and ten respectively.

Not only that, but areas such as the Costa del Sol enjoy easy access from a wide range of European countries, ensuring that second home owners can quickly and cost effectively reach their properties. In 2019, doing so will be even easier, thanks to Jet2’s planned 10% expansion over the course of the year. The additional routes and flights will see the airline offering eight million seats between the UK and Spain. It follows Jet2’s growth of 20% during 2018.

Interestingly, Jet2’s expansion will see 54.3% more seats offered out of season during 2019, meaning that second home owners will find it even easier to enjoy their holiday properties year-round. Savills states in its latest Impacts: The Future of Global Real Estate report that “Air routes continue to have a profound impact on where people want to go and where people want to buy.” As such, the Jet2 expansion is excellent news for Spain’s tourism industry as a whole, as well as for areas such as the Costa del Sol which will benefit from increased seat numbers.

“One of the other appeals of the Costa del Sol is the sheer variety of holiday home options available. Buyers can opt for key-ready homes for instant holiday gratification or buy off-plan and enjoy having an input into the design process of their new second home.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey España offers both key-ready properties and off plan options along the Costa del Sol. La Floresta Sur is an excellent example of the former. The key-ready homes are available from €222,000 plus VAT. Just 0.5 km from El Soto Golf Club and within easy reach of Elviria Beach, the apartments are ideal for buyers looking to purchase and enjoy their second home as soon as possible. Taylor Wimpey España’s Horizon Golf site, in La Cala Golf Resort and Botanic, in Benahavis, are both also available for buyers looking to enjoy their second homes this summer, offering panoramic views in tranquil areas.

For those who prefer to buy off-plan, the outstanding three-bedroom homes of the latest phase of Green Golf are ideal. The frontline golf townhouses with southwest-facing terraces are available from as little as €280,000 plus VAT. All of these sites also feature communal swimming pools and prettily landscaped grounds.

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

Housing Hand responds to increasingly challenging deposit requirements with rent guarantor scheme

Housing Hand responds to increasingly challenging deposit requirements with rent guarantor scheme

United Kingdom
  • Rents rising at the fastest rate in over 2 years (HomeLet)
  • ‘Non-typical’ renters having to raise 6-12 months’ rent in advance (Housing Hand)
  • 40% of deposits larger than 1 month’s rent (Tenancy Deposit Scheme)

Rents in the UK are rising at their fastest rate for more than two years; HomeLet reports a rise of 3.3% in the year to March 2019. With tax changes making buy to let a less attractive option to investors and the letting fees ban due to take effect from 1 June, everyone from landlords to agents are looking to rents to make up the difference.

Those entering this difficult market for the first time face a number of challenges. Much has been made of the issues that first-time buyers face in terms of large deposits and house prices that are significantly out of step with salaries. However, the challenges are also there for a growing number of would-be renters, according to UK rent guarantor service Housing Hand.

“Figures from the Tenancy Deposit Scheme show that more than 40% of deposits for private rented homes are more than a month’s rent. For those who don’t fit the profile of a ‘typical’ renter – students, first time renters, care leavers, professionals coming to work in the UK from overseas, for example – deposit requirements can quickly spiral. It’s not uncommon for landlords to ask for six or even 12 months’ rent as a deposit or a down payment in such situations, which is beyond the reach of many people.”

Jeremy Robinson, Group Managing Director, Housing Hand

The requirement to pay such large amounts upfront is often dropped if the renter can provide a guarantor for their rent. However, this is often yet another challenge for many of those looking to rent a home in the UK. This is where Housing Hand steps in to help. The company provides a rent guarantor service to students and working professionals, helping them to reduce the upfront costs of renting a home. Those coming to the UK from overseas to work or study can also access the scheme, as can workers on zero hours contracts.

The guarantor service is simple. The tenant engages Housing Hand to act as their guarantor, with the option of instalments spread over several months or making a single payment from as little as £295 for the service. Housing Hand then liaises with the landlord, letting agent or university in question to make the relevant arrangements. The company is even inbuilt into many of its partners’ booking forms, from letting agents and universities to accommodation providers, in order to streamline the process. The individual can thus rent their home without having to find thousands of pounds to use as a deposit.

Housing Hand has already helped and processed over 70,000 applicants from 141 countries. The company works with more than 3,000 accommodation providers and covered more than £120 million in rent. Their flexible approach means that even those with qualifying guarantors can protect themselves and their guarantors from up to £10,000 of potential rent liability when living in shared student digs, through the Only My Share scheme.

The average rent in the UK is now £1,041 pcm, according to the Tenancy Deposit Scheme. In London, it is closer to £1,750 pcm. Not only that, but the rate at which rents are rising is projected to increase. RICS reports projected growth of around 2% over the year ahead, jumping to a rise of approximately 3% per annum by 2024, thanks to the growing imbalance between supply and demand.

“Moving into your own home should be an exciting milestone. We are doing what we can to ensure that people can achieve that dream in the face of increasingly difficult circumstances.”

Jeremy Robinson, Group Managing Director, Housing Hand

 

For more information please contact Housing Hand today on +44 (0) 207 205 2625 or visit https://www.housinghand.co.uk/

 

 

 

 

New rental market report captures latest state of UK market

New rental market report captures latest state of UK market

United Kingdom ,
  • Surrenden Invest’s Rental Market Snapshot reports strong, sustained demand
  • Regional cities remain at forefront of increase in private renting
  • Brexit delay, section 21 ban and Labour’s PDR challenge having little impact on demand

A new report on the state of the UK rental market has revealed strong and sustained demand for privately rented homes, particularly in key regional cities. The 2019 Rental Market Snapshot, from specialist property investment agency Surrenden Invest, considers the key drivers behind the UK’s booming private rented sector and what this means for those who live and invest in it.  

“What we’re seeing is a continuing drive towards rented accommodation in the UK, with developers racing to meet the demand for contemporary homes in city centres. Tenants are seeking ever more experiential homes, with concierge services and exciting roof terraces becoming something of a must. Investors, meanwhile, have largely shrugged off recent announcements, from the Brexit delay and potential Section 21 ban to Labour’s challenge to permitted development rules.”

Jonathan Stephens, MD, Surrenden Invest

Some 42,000 homes have been built in former office blocks under the altered permitted development rules (PDR) in recent years. Labour has proposed changing the rules once again (following the Conservatives initially changing them back in 2013) due to permitted developments not being required to provide affordable homes or to meet official space standards. However, any such change, unless replaced by an accompanying increase in housebuilding elsewhere, has the potential to place further pressure on the UK’s already tight supply of housing.

“Investors in the UK rental market are increasingly unphased by issues such as the potential Section 21 notice ban and the talk of PDR rule changes. We’re finding that those who were determined enough to see out the increase in stamp duty and the phasing out of mortgage interest relief are in it for the long-haul – which is good news for the UK rental market, given the continually increasing demand for privately rented homes.”

Jonathan Stephens, MD, Surrenden Invest

New homes such as No. 76 Holloway Head in Birmingham are doing much to fuel demand for inner city rental accommodation and the lifestyle that it provides. The spacious, elegant apartments are in an ultra-prime city centre location, with the Bullring, Grand Central and New Street Station less than two minutes away and the Mailbox even closer. For young professionals looking to get the best out of Birmingham, rental properties just don’t get much better.

Birmingham is, along with Manchester, Liverpool, Newcastle and the London commuter belt, one of the key markets highlighted by the 2019 Rental Market Snapshot. These regional hotspots are offering the lifestyle that renters want, combined with the yields and capital growth (or potential for capital growth over the coming years) that investors are seeking.

Right now, that capital growth is focused firmly on the North West. Newly published figures from HM Land Registry show that it is enjoying greater house price rises than any other English region, with monthly growth of 1.3% between January and February and an annual uplift of 4.0% in the year to February. The North West is also the area pegged by Savills as due to enjoy the greatest compound house price growth over the next five years, with a rise of 21.6% projected by 2023.

Again, developers are focusing on city centre homes that appeal to contemporary renters. Middlewood Plaza, for example, is just 10 minutes from Manchester city centre, and offers apartments, duplexes and townhouses with a stunning roof terrace for all residents to enjoy. It is the creation of homes like these that is boosting the appeal of rental properties to residents and investors alike.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Taylor Wimpey España launches new show home amid golf tourism and house price boom

Taylor Wimpey España launches new show home amid golf tourism and house price boom

Spain ,
  • Spain accounts for ¼ of top 100 golf resorts in Continental Europe (Today’s Golfer)
  • Spanish/Portuguese played rounds up nearly 30% over winter season (Tee Times Golf Agency)
  • House prices along Mediterranean coast up 4.5% – more than any other region (Tinsa)

From golf tourism to house prices, Spain’s Mediterranean coast is looking particularly healthy at present. What better time, then, for leading Spanish home builder Taylor Wimpey España to launch its newest golf resort show home?

Green Golf at Estepona (Malaga) is ideally positioned to court the rise in interest in Spanish golf resorts. Today’s Golfer Magazine’s Top 100 Golf Resorts in Continental Europe 2018/19 included 25 Spanish destinations, meaning that Spain alone accounts for a quarter of the best courses across Continental Europe.

Meanwhile, Tee Times Golf Agency, which serves both Spain and Portugal, has reported a near-30% uptick in the number of rounds that clients played between the November 2017-February 2018 and November 2018-February 2019 periods.

That’s against a backdrop of tourism numbers in Spain rising by 3.7% in 2018, when almost 90 million people chose Spain for their holidays. Over the winter months (November 2018-March 2019), the Costa del Sol in particular saw tourism thrive, with 3.2 million visitors – the area’s best ever winter season, according to government figures. That number is expected to rise to 13 million travellers by the end of the summer season, which would represent an all-time high for the Costa del Sol.

Golf has always been an important element of Spain’s tourism offering. We have the ideal weather, incredible scenery and some simply outstanding courses. Add to that the charms of the coastline and the excellent cuisine and it’s clear to see why Spain’s golf resorts hold such strong and lasting appeal.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

The Mediterranean coast is also thriving in terms of its housing market. Prices there rose by 4.5% in the year to April 2019 according to the latest data from Tinsa. That’s a greater increase than was seen in any other area of the country.

Within this booming area, Green Golf delivers high-specification homes to families looking to be at the heart of the golfing action. With panoramic views over the course at Estepona Golf and out to sea, the properties enjoy an incredibly picturesque setting. Natural light is maximised through their south/southwest positioning and sophisticated design.

The new Green Golf show home highlights the development’s superb credentials. The large, south-facing terrace is ideal for outdoor dining or general relaxation, while the interior is bright and spacious. A large communal pool and landscaped gardens complete the offering, making this the perfect option for happy holidays with family and friends. Prices start from €280,000 plus VAT.

“The Mediterranean coast has been a popular holiday destination for decades, with golf playing a major role in driving that. We’re delighted to be building on this history of success by presenting contemporary homes for holidaymakers looking to experience Spain’s unique brand of relaxation and enjoyment.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.

Balearic house price growth double national average, as Taylor Wimpey España announces Sunset Ibiza launch

Balearic house price growth double national average, as Taylor Wimpey España announces Sunset Ibiza launch

Spain ,
  • New Sunset Ibiza homes mark developer’s first site on island since 2014
  • Balearic and Canary Islands enjoying property price growth of 8% (Tinsa)
  • Balearic tourism up 15.93% in February (IBESTAT)

The Balearic and Canary Islands are leading Spanish property price growth, with prices increasing at more than double the national average, according to the latest data from Tinsa. The IMIE General Index shows an annual rate of increase of 8.0% across the islands, compared to a national price rise of 3.9%.

“Spring heralds the start of the buying season in the Balearics, as it does in many other parts of Spain. On islands such as Mallorca and Ibiza, the property markets will be busy from now until the end of the summer. Foreign buyers play a significant role in these island markets as they vie with locals to find the perfect property in the perfect location.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

On the island of Ibiza, those seeking their ideal home (whether as a second home or a permanent residence), now have a superb new development to consider. Leading Spanish home builder Taylor Wimpey España has just announced the launch of Sunset Ibiza – the company’s first development on the island since 2014.

Offering incredible views over the bay at Cala Gracio and Conillera island, Sunset Ibiza is an exclusive collection of two and three-bedroom apartments, priced from €410,500. Large private terraces and the communal pool and gardens are perfect for enjoying the spectacular sunsets for which the island is so well known. Internally, the light-filled apartments offer spacious, elegant island living, making this frontline development an extremely attractive option for those looking to enjoy the best of the Ibiza lifestyle.

“We are delighted to be building on Ibiza once again, having spent quite some time scouring the island for the perfect site. Sunset Ibiza will be a truly outstanding new frontline development, which maximises the very best elements of life on the island.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

The launch is well timed. Not only are property prices in the Balearics rising faster than anywhere else in Spain, visitor numbers are also up significantly. According to the latest figures from IBESTAT, tourism to the Balearic Islands was up by 15.93% in February 2019, compared with the same month in 2018. Whichever way you look at it, Ibiza is thriving, making now the ideal time for Taylor Wimpey España to announce the launch of its beautifully positioned new homes.

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.