Who Likes To Rent

The letting industry is booming. The average rent across the UK rose by 2.5% in September 2019 when compared to the same month a year previously. If you’re comparing letting agent fees, landlords are also seeing favourable prices due to the influx of online letting agent offerings.

Increasing average rent and lower letting agent fees are however being offset with tax break cuts & tenant fee bans. So, while there are ever changing variables being faced by landlords, renters are pushing forward unfazed.

It’s clear that in the long term, buying your own property/investing in a buy to let will put you in a better position financially. Aside from those that can’t afford the infamous property deposit, there are those that actually choose to rent.

In this article we look at some of the people that choose to be renters, as opposed to renting due to limited financial options.

The Bachelor

Picture the young, career driven and smart individual (male or female!), enjoying life and exploring where they want to end up in the future.

Rather than buying a long-term property, say a 3 bedroom in the outskirts of London, they may decide they want to rent a modern apartment close to the city.

Now these types of property can be valued in the £1,000,000’s! While the bachelor may not have the financial backing at this stage, their lifestyle may not yet suit a property that’s further out away from the city nightlife.

Schools

Parents consider nearby schools as a high priority when deciding where to live.

The best schools are in the most prominent areas, where the houses come at a premium. In addition, parents already located in the region are unlikely to move, lowering supply of houses in that particular area and therefore adding to the price premium.

Parents are willing to pay premium rents in these areas. The extra rental cost can be judged as offsetting costs that would have occurred in putting their child(ren) into a costly private school.

The Renting Landlord

Commonly, a landlord has a property that for various reasons, they don’t want to live in. It could be too close to parents, too far from work or not big enough.

When not wanting to sell, an option is to let out the property, while renting in a property more suitable to themselves.

This allows them to live in a suitable property, while still reaping the rewards of rental income.

Vitally, if you’re one of these individuals looking for a letting agent for your property, you can use Rentround when comparing letting agent fees & performance to get yourself the best deal.

The Divorcee

Sadly, divorce is a part of life.

During or straight after a divorce, the former husband or wife will have a period of instability in their lives. They may be using the opportunity to think about moving to the city or looking to stay near what used to be their family home to stay in close proximity to their children.

During this period, a rental property would be suitable vs. committing to buying a property.

The Contractor

Rather than being a permanent employee with a regular job, the contractor is set up under a private limited company. The person may move from company to company when their contract expires. The benefit of this type of working is high day rates and pre IR35, lower tax vs. a permanent employee.

As a new contract is taken on, the location may vary drastically compared to the contractor’s previous location.

Therefore, renting makes sense in this situation, in comparison to constantly buying & selling or living in hotels.

“I’ll get married soon”

Some people are in long term relationships or single and have their fingers crossed of finding someone soon with the aim to get married. With this mindset and possibility, buying a property as a married couple makes sense.

A couple is likely to have a larger deposit and making it a joint decision on which property to buy, makes the moving in transition easier.

The Speculator

These savvy individuals may be predicting a future down turn in the market. So instead of buying while the price is high, they decide to pay rent up until a potential crash hits prices. The individual can then buy a property at a better price, increasing their profit substantially.

In addition, after a crash it’s common to see interest rates cut and tax subsidies from the government, to re-stimulate the economy as per the 2008 crash fallout. This adds to the benefit of buying after a crash.

However, predicting a crash isn’t easy. If you get it wrong, you could see yourself on the wrong side of property price increases.

All in all, there are many reasons why people prefer to rent as opposed to buying a property. Financially, yes the favour is usually in buying a property. However, for personal, family & work-related reasons, renting provides the flexibility that is often required in people lifestyles. 

About the author: Raj Dosanjh is the founder of letting agent comparison site Rentround. Wearing many hats, Raj also runs a consultancy in the banking industry and his own martial arts club.

Make some space for microgreens

Microgreens are the new star that was born out of the covid-19 situation. They have been around for a while but got really popular now as a fresh food source that you can produce from the comfort of your own home. But what is it and how does it work? Here comes a short overview.

What are microgreens?

Basically, microgreens are baby plants, they are young vegetable greens that you can harvest 7–21 days after sprouting depending on what you were growing. Once the plant’s first true leaves arise, they are ready. You can cut them and enjoy the tender stems and leaves.

Best of all, they have a rich flavour and concentrated nutrients – some call them super food as often they contain higher nutrient levels than more mature vegetable greens.

Why should I grow microgreens at my home?

Not only are they cheaper if you grow them yourself but also a lot more convenient. Depending on the microgreen you decide to grow in your home you can really streamline the process.

Also, you have full control of the seeds, soil and water you use, you will know it’s 100% organic.

Why are microgreens so popular now?

Many people have limited their grocery shopping due to the COVID. Meaning they only shop once every one or two weeks.

Unfortunately, this means you might be running out of some fresh salads and vegetables. Growing your greens seems to be the obvious solution to this problem. Once you see how delicious they are it’s easy to get addicted.

A corner ready to grow your microgreens

You don’t need much space to grow your microgreens. You can grow them outdoors or indoors – where ever you have some space for a tray and some sunlight. Please make sure to use trays that are food safe.

There are many types to choose from

Lentils are one of the healthiest microgreens you can grow.

If you are also one of those who gets hooked on those microgreens, you better prepare a nice bright corner to grow them in larger amounts. You can get a shelve in order to have several trays in the same space.

Just give them a try

But before remodelling your house, or starting a big microgreens production – why not to grow a few different ones on your windowsill to see if you like them?

Happy growing.

If you rather like to grow something in your own garden, why not to check out propertyunder20k.com for some affordable homes with garden?

How to handle a multiple offer situation

With real estate markets heating up again after the COVID lockdown, many find themselves in a multiple offer situation. What is it and how can you as buyer or seller handle it the best way? Here is a short overview.

What is a multiple offer situation?

A multiple offer situation happens when several people make an offer on a property.

This often happens in a seller’s market when competition is high – meaning there are more buyers than there is real estate for sale. However, it can happen in any market and especially for houses within a reasonable price range or those that are a good deal for another reason.

multiple offer situation as seller

If you are a seller, multiple offers are great news. You are in a situation everybody dreams of.

Your real estate agent will probably explain various negotiating tactics for you to think about. For example, you could just accept the best offer. Or you could notify all buyers that there have been other offers to give them the chance to make a better offer.

Image by Sasin Tipchai from Pixabay

multiple offer situation as buyer

As a buyer, how can you make sure your proposal wins when there are multiple offers on the table? Here are a few tips.

The best tactic would be to find out what the seller is hoping for. Is he looking for a quick sale, sell for the highest price or maybe he even prefers to get some more time before moving out…? Maybe he has a personal attachment to the house and is looking for someone who really appreciates it. There can be many different situations that made the homeowner put his house on the market.

Making an offer

When making an offer try to make it attractive, best a little above listing price to show that you see its value. You can also offer to pay a deposit as a down payment. Like this you show the seller that you’re really serious about closing the sale.

Some even suggest to write a personal letter to the seller.

A word of caution

Please note, it has happened that buyers were told by agents that there are other offers on a house in order to get a better price, when in fact this was not true. It has to be stated that there are severe consequences for agents who do this.

Free Real Estate Listings

If you like to buy or sell a house. List it on www.listproperty4free.com for free.

Real Estate Market heating up

After many weeks of heavy speculations, we finally have some proper numbers to work with. This is certainly good news for real estate agents and home sellers. More and more real estate news popping up declaring that the real estate market recovered and best of all, it seems some place even have a higher rate of competition than before. This means that due to high interest a home for sale receives multiple offers. That is a scenario every home seller is dreaming of!

For buyer its not so good news – but hold on, this all depends on where you are looking to buy. Situations vary depending on the location. Some markets are still low due to the covid-19 and have not come out of their historic price drop yet. Those would definitely be perfect grounds for bargain hunters.

Where are the hot spots?

In general, most locations that were in high demand before the covid-19 pandemic are heating up again, some are even described as being on fire.  This is the case for the

Toronto Real Estate Market

reported here: https://torontostoreys.com/toronto-real-estate-market-hot-june-2020/

Another report talks about “Bidding Wars” in several states of the USA with

Boston metro area

having the highest rate of competition.

Locations with a bidding-war rate above 50% are Salt Lake City, Denver, Seattle, Austin, TX, San Francisco/San Jose, Minneapolis, Los Angeles and Portland, OR. This information was found at https://www.redfin.com/blog/competition-increases-homebuyers-coronavirus-drives-housing-shortage/

It is also noteworthy to mention that offers for single-family homes faced higher competition than before the pandemic. To have your own place means more right now than ever, we can see this among all the new buyers who are trying to find a home with more privacy.

Also, the

Allegheny housing market

is picking up where it left off before the pandemic. It was part of only a few locations in the United States where real estate services were considered non­essential. Since the restrictions were lifted prices are back to where they were before with even a shortage in the housing market. This was reported here

Where are prices still low?

Some locations that were hit especially hard by the pandemic are still at a price low.

For example, this is the case for

Spain Real Estate Market

Although too early to make a certain prediction, there have been reports that are not sounding promising. As reported by ‘Bloomberg’ at https://www.bloomberg.com/news/articles/2020-06-12/spanish-real-estate-is-heading-for-its-second-crash-in-a-decade

it looks like Spain’s home market is heading toward another crash. Experts who study the property market reported that the hit to housing prices in 2020 could range from 6.5% to 15%.

If you were thinking to buy a home in Spain this seems like a good time.

Do you know of any other locations where we can find cheap real estate? Please leave a comment below and let us know.

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To maintain our real estate blog with fresh and interesting content we are happy to receive ideas from our audience. Maybe there is a real estate topic you would like us to cover. If so, please feel free to suggest a topic.

We are happy to write articles that are interesting for our readers

As we have real estate listings from all over the world there are endless questions from the buyer’s side as well as from the seller. This means there are limitless subjects to cover. Also, there might be some interesting developments on the real estate market you think our readers should know about.

If you inform us of some latest real estate news, please don’t forget to give us your source Of course, we will not publish anything where there is a chance of being fake news.

Contact us to suggest a topic

Please contact us at guestpost@listproperty4free.com to suggest a topic.

Image by William Iven from Pixabay

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This is not a paid service

Please note, although we are happy to receive suggestions, we are not selling any service to write articles to promote your brand. If we write an article about a subject that you suggested we do so free of charge. Please don’t be disappointed if we cannot write about your topic. We receive many suggestions and have to choose.

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There are some fantastic, high-quality guest bloggers out there. Therefore, if you are one of them you can send us in your unique article for approval. Please see our Real Estate Guest Post Guidelines for more details.

Thank you.

Find what you Search in Real Estate Listings?

These days, thousands of real estate listings are being scrolled in the pursuit of finding the best property deal. It is just a quick and easy way to get a first glimpse at the real estate market. Although, it’s easy to feel like you’re not getting the full picture of your possible future home.

Being just curious

For many, searching properties starts out as a curiosity. You may have heard about a great place with very cheap homes or you simply like to check out what is available in your area. Maybe you are considering to just move a few neighbourhoods away, where real estate is more affordable. This can open up new possibilities for having more space and comfort.

Image by THAM YUAN YUAN from Pixabay

Online searching saves time

A lot has been done lately to improve the finding process. Especially the 3D viewings of houses are wonderful, I just love them. I think in this covid-19 pandemic I have been on more house viewings than all my life before, all thanks to the virtual viewings. They have been around for quite a while but this challenging time really increased their popularity.

It just saves so much time. Otherwise you would need to drive around all day long to see all the houses in person. It would take weeks and months what now you can see from the comfort of your own home in a few hours.

But in the end, seeing properties in person is really the only way you can find out if a property feels right and seriously narrow down your search and eventually get the buying process started. After all, there are more factors that need consideration before making a decision.

Scrolling millions of real estate listings

It can be very frustrating to see all the available listing and not finding what you are looking for. A good way to find the right deal is to sign up for search alerts on real estate portals.

This means, if you are looking for ads in specific countries or price ranges you can sign up to be notified every time a new ad is posted that fits your search criteria.

To set up your search alert on our website please visit https://www.listproperty4free.com/manage-my-searches.php

Want to sell your property?

Often people start searching properties online to try and gain an understanding of their own home’s value. Maybe this the case with you? If so, please remember that you can list your home for sale with us for free.

Has quarantine forced you to reconsider your home?

Has quarantine forced you to reconsider your home?

Has spending more time at home due to the covid-19 restrictions lead you to question your home? While you had a busy live away from your place before, going to work, meeting friends… suddenly you find yourself stuck in your own 4 walls. The oddities you lived with before might not be so easy to overlook when you’re trapped with them all day long, every day. Let’s see if you can fix the relationship with your place or if it’s time to move on.

Image by Makin Residential from Pixabay

Doing a makeover can do miracles to your home. This can be done even on a small budget.

Renovation is not your cup of tea

Your property might be in need of renovation or a little makeover. If you can do it yourself – fantastic. Sometimes decluttering your home and give it some new paint can already do the trick.

If you are not a handy person, and the idea of living in a dirty construction site with builders coming in and out seems unbearable to you, then it may be time for a fresh start.

You are tired of your neighbourhood


Location, location, location! That’s usually the first thing you decide when you go house hunting. Maybe the location you live in looked like a good idea when you moved there, close to work, shops, school… Maybe you changed your work since, your children left school or the area developed in a way that you had not expected.

If your neighbourhood doesn’t work for you anymore it looks like it’s time to move on.

Your home is not the right size

You may discover that your home is either too big or too small. So many families in quarantine felt the need for more space. Many parents had to work from home making it almost impossible to manage the available space to suit everybody’s needs.

Other may feel their home is too big. Maybe your children grew up and moved out or you have to cut your costs down due to some financial loss due to the covid-19 pandemic. Whatever the case, getting the size right can add a lot of comfort and peace of mind.

Moving house is always a challenge

Although it can be hard to leave your home where you have all these nice memories you may be able to simplify your life and have more time for things that matter more to you. Especially with old age it usually is increasingly difficult to look after a big place. Swapping size for more comfort can be key to find more joy living in your home.

Selling your home and looking for a new? Visit www.listproperty4free.com

First 3 steps to become a real estate investor

It all sounds easy; A monthly cash flow generated by renting out real estate. You can quit your job and live the life you always wanted. But not so quick. What sounds simple in theory is not as simple in reality. It all needs careful preparation and investigation. Careful planning is crucial. In this article, you will read 3 practical first steps for who wants to become a real estate investor.

A property offers many advantages, but the purchase of the rental property needs to be considered carefully. After all, you will be making a decision with a large financial impact – the right strategy is vital. If you consider the following steps, there is nothing standing in the way of your first property investment.

Step 1: save money

The more money you can save, the easier the later financing of the property will be. You should therefore start saving as early as possible and also improve your creditworthiness.

While you save capital on the purchase of your first property, you can of course invest the money you have accumulated. However, make sure that your assets will be available in time for purchase. Long-term investments are therefore less suitable.

Step 2: plan financing

Before you actually start looking for a property, you need to be clear about the size of the investment you want or can invest in. Will you start small with a one- or two-room apartment or do you start directly with an apartment building?

When talking to a bank advisor, you will know the loan amount you can get. Together with the money you have saved this results in the upper limit for your investment, which enables you to narrow down your property search.

When calculating, take into consideration additional costs: real estate transfer tax, notary and estate agent fees.

Step 3: object selection

Knowing your upper limit, you will now be able to decide in what type of real estate you like to invest in. You can now study a few scenarios to figure out

  • what type of real estate (house or apartments…)
  • in which location
  • long or short-term rentals

you should invest in to bring you the most profit.

Your time as a real estate investor

Don’t forget to take into consideration your own time that you need to spend regularly to look after your real estate investments.

Image by Sascha Westendorp from Pixabay

Although short-term holiday rentals can be a lot more profitable, they will also need more of your attention and time.

Correctly estimate your time

It is not so easy to correct mistakes when buying a property – so make sure to take your time before you decide to buy a certain property.

And even after buying, be aware that you still need to invest time: be it to make accounts, organising repairs and renovations, dealing with your tenants… There will be always something that will need your attention.

A competitive market for a real estate investor

Generally, the real estate market has been on the upswing for several years. If you want to be a real estate investor today, you are therefore dealing with a competitive market.

A big advantage of real estate is the opportunity to generate a cash flow month after month. With rented houses and apartments, you can still make a profit after covering all costs and already collect capital for the purchase of the next real estate.

You have not much money available for your investment? Why not start small. Have a look at www.propertyunder20k.com to find cheap real estate for sale.

Lanzarote’s Lure for Overseas Investors

As Lanzarote starts to reopen its doors to international flights in July and international tourism starts to reboot again we take a closer look at the factors that have made this small Spanish island located off the coast of Africa such a big hit with overseas property investors over the last few decades.

Tourism first started taking off on Lanzarote (and in the rest of Spain) during the 1970’s.  With the advent of package holidays and a general increase in air travel from richer European nations such as Germany and the Scandinavian countries.  Along with the desire of General Franco to bring in some much-needed foreign currency.

Image by Bernd Hildebrandt from Pixabay

But it was the arrival of British holidaymakers in serious numbers during the 1990’s which really started to fuel the boom in overseas investment and the UK continues to account for around 50% of all visitors to Lanzarote to this day.

What Factors Attract Overseas Property Investors to Lanzarote?

Climate is a key factor.  As Lanzarote’s location just 80 miles off the coast of Africa means that the island enjoys great weather all year round.  So, anyone who owns a property here can rent it out to tourists for 12 months of the year – as opposed to a seven to eight-month season in other parts of Spain.  Whilst owners can also enjoy a break in the sun in their own holiday home whenever they fancy.

Over the last decade, investors have enjoyed a good deal of capital appreciation too.  The entry level price of studios and holiday apartments in the main resorts have risen by 50% or more.  Yet prices still remain very affordable by comparison with other parts of Spain, with one bed apartments still available from around €90,000.

But it’s the rental returns that are the real draw – as owners are lured by those year-round bookings from holidaymakers.

Lanzarote boasts a very buoyant tourist market.  During the course of 2019 over 3 million holidaymakers booked a break on the island – a figure which has doubled in the last 20 years.  And this boom in arrivals has attracted inward investment from hotel chains as well as smaller private investors.

Despite these buoyant tourist arrival figures Lanzarote also retains an unspoilt, authentic charm – especially when you venture away from the three main resorts which are all well contained on the island’s south eastern coast.  So there is something to attract all types of property investors – from holiday apartments for sale in Lanzarote through to rural, rustic fincas in need of renovation.

Quality of life on Lanzarote is also high.  There are over 60 beautiful beaches, tons of great restaurants and a really relaxed vibe.  The island is also very small, so it’s easy to get around and take in both the scenery and the fantastic attractions created by the famous local artist and architect Cesar Manrique.

Which Are the Best Locations for Investors?

The main resorts on the island all offer a guaranteed stream of bookings for investors looking to crate their own holiday rental business.  Puerto del Carmen is the largest of these three resorts but both Playa Blanca and Costa Teguise are also very popular.

Rural tourism is also growing in popularity – numerous expats and overseas investors have created delightful rental properties in the countryside by renovating old fincas and farmhouses.

Author: Nick Ball