The North East saw the biggest month-on-month drop in rents, with a 0.8% fall taking average rents to 523. Across the country, rental inflation had been cooling off for much of this year following the launch of Government schemes to give people with low deposits a chance to buy. First-time buyer numbers have reached their highest levels in more than five years following the initiatives such as Funding for Lending and Help to Buy, which have widened access to mortgages and allowed some people who were previously trapped in renting to break free. But David Newnes, director of LSL Property Services, said that weak income growth, which has an impact on households’ ability to borrow, and a lack of housing supply meant that the private rental sector was continuing to see strong demand from new tenants. Mr Newnes said: “Better availability of finance has allowed some households to leave the rental market. And rents certainly felt the short-term impact of that.
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Canadian couple believed dead after parts of wrecked rental van found in New Zealand river
Rebooting reputation of computer legend Alan Turing Anthony Faiola As lawmakers debate a pardon for a father of the computer, Alan Turing is turning into a folk hero. Tim Craig and Haq Nawaz Khan Effort to engage the Pakistani Taliban is stymied by insurgents demands and the killing of a general. Nick Miroff Having battered Acapulco as a tropical storm, Manuel makes landfall again to the northwest. The couple were last seen Sept. 10 in stormy conditions.
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Report: Nashville’s rental home market a ‘hidden gem’ for investors
Nashville made its Top 25 Hidden Gem Single Family Rental Markets list, which was based on gross rental yield, the expected return on investment before accounting for taxes, maintenance fees and other costs. The gross yield of a rental home in Nashville is 10.2 percent, according to RealtyTrac, placing it at No. 8 on the list. The list highlights markets where competition is low from institutional investors. “Buying single-family homes as rentals still yields solid returns in many markets across the nation, but it is difficult for individual investors and even small-to medium-sized institutional investors to find reasonably priced inventory in markets dominated by the 800-pound gorillas in the single-family rental space,” said Daren Blomquist , vice president at RealtyTrac, in a news release. “With this analysis we’ve identified the top overlooked markets where single-family rentals still make good financial sense but where there is little to no competition from the big property management jobs in maryland players.” Bob Parks, CEO of Bob Parks Realty , said rental properties are producing strong returns in Nashville.
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