Bexley Borough Property News

Investing in Bexley buy to let property differs from investing in the stock market or depositing your hard-earned cash in the Building Society. Many consider investing in the Building Society the safe option, but the returns you can achieve are awfully low (the best 2-year bond rate from Nationwide is a whopping 0.75% a year!). The Stock Market can give good returns, but most invest in stock market funds rather than spending every day on the phone to the stockbroker, making the investment quite hands off; one always has the feeling of not being in control. With buy to let, things can be more hands on. Many landlords like the tactile nature of property - you can touch the bricks and mortar. Bexley’s landlords are making their own decisions rather than entrusting them to whizz kids in Canary Wharf playing roulette with their savings. Investing in property is a long-term game. You can earn from your investment in two ways. When a property increases in value over time, this ...

The Bexley housing market has undergone a sea change in recent decades, with the Buy-to-Let (BTL) sector evolving as a key trend, for both tenants and landlords. A few weeks ago, the Government released a White Paper on housing, which I found very interesting. Notably, the private rental sector played a major part in plans for future housing, which is especially important for our growing Bexley population. In 1981, the population of Bexley stood at 217,400 and today it stands at 242,100. Currently, the private rented (BTL) sector accounts for 11.7% of households in the town. The Government wants to assist people living in these houses and help the economy by encouraging the provision of quality homes in a housing sector that has grown because of global economic forces that have pushed home ownership beyond the reach of more and more people. Things were very different with respect to home ownership in 1981: 72.95% of Bexley people owned their own home 20.8%...