Buy-to-let property used to be a surefire way to build a sizeable financial nest egg. Unfortunately, tax and regulatory changes over the past few years means this is no longer the case. As a result, I think buying a basket of cheap UK shares could produce better returns in the long run.
Today, I’m going to highlight the three reasons why I believe this is the case.
There are two ways investors can profit from buy-to-let property. Rental income and capital gains. Many investors rely on rental income to cover mortgage payments and costs, such as decorating and emergency repairs. The income covers the day-to-day expenses, and the real profit comes from capital gains.
However, over the past few years, rental yields have dropped significantly. The average rental yield in the UK is now around 3.5%, although it’s possible to achieve higher returns. At the same time, the
SYDNEY (Reuters) – Business failures in Australia are likely to rise with commercial property seen among the hardest hit sectors as a shift to work-from-home arrangements empties offices and major retail precincts, the central bank said on Friday.
The Reserve Bank of Australia (RBA) said the outlook for commercial property means banks’ impairment rates will likely climb from current low levels while some indebted landlords will find it difficult to meet their debt repayments.
Risks appear highest for retail commercial property, the RBA noted, while adding there was still a high degree of uncertainty about the magnitude and timing of business failures in the country.
Australia has been lauded for its success globally to curb the spread of the coronavirus and open its economy earlier-than-expected though with domestic and international borders
Residents in and around Encantohave an opportunity to provide input on two redevelopment proposals for a vacant lot that’s poised to become a catalyst for economic and employment opportunities in southeastern San Diego.
The city launched an online open house this week to showcase two proposals for the Valencia Business Park: a healthcare center or a renewable energy business hub. Community members can weigh in on concepts through Oct. 14.
The 4.3-acre lot along Stevens Way and Imperial Avenue has been vacant for more than 20 years. City leaders anticipate that developing the land will create economic opportunities for the area, which is a federally designated promise zone.
“It will have an economic impact no matter what project is chosen, but it will also have an impact of pride for the surrounding areas,” said Councilwoman Monica Montgomery Steppe, who represents the neighborhood.