Jun
24
Budget impact on Private Lettings Sector
Filed Under Did you Know...?, Market News, Renting news, Scottish Property News, Uncategorized by DanCookson | Leave a Comment
The recent increase in capital gains tax to 28% is likely to have an impact on the private rental sector. Although it is not as high as the 40% to 50% rises that were being suggested last week, landlords will still have to adjust to a new investment landscape in which the housing sales market is likely to be flat and where reliance on capital appreciation and disposal will not generate the returns of former years.
The majority of the 100,000 Private Landlords in Scotland have very small portfolios and are looking for capital growth on their investment. If Private Landlords are discouraged from remaining in the market by the prospects of lower capital gains and hard to get finance there is a possibility that they will withdraw from ‘buy to let’ leading to a lack of supply of suitable rental properties to meet the growing demand in the future. If this pans out rents will have to rise which will eventually attract serious landlords back in to the market.
“I believe a ‘rental income’ based approach to property investment will be the way forward – which will encourage or require landlords to enhance and maintain their properties to the highest standards so that they can achieve the higher rentals.”
Jun
18
Citylets Listings on Google maps
Filed Under Uncategorized by thomas | Leave a Comment
Citylets listings now appear on Google Maps UK and early indications are that this is adding only a very small amount of audience to our Network reach. Will this change over time? As with all sites we distribute listings to, we’ll be monitoring their performance.
A lot of companies are claiming to have ‘partnered with’ or ’signed up’ to google which in our view overstates the relationship. Getting listings on googlemaps is via googlebase which simply takes a data feed.
As there is no direct relationship with Google there is no accountability or recourse to concerns. As such Citylets Network cannot consider them a primary partner in the way we do sites such as findaproperty or s1homes with whom there is a real and direct relationship and assurance that our customer listings will be shown. If we can’t guarantee our customers full exposure for all properties, our customers cannot pass this onto landlords so in addition to performance merit we advocate caution in the use of the google name for now and leave hype and spin to others.
Jun
15
Scotland host England at Citylets Grange
Filed Under Cricket by thomas | Leave a Comment
Scotland take on England in a One Day International (ODI) on June 19th at Citylets Grange. This is our 7th year sponsoring the national home ground and we’re lookig forward to a good turnout and a good game. We have 2 spare tickets if you’d like to come and join us for the day…..just email info@citylets.co.uk
This is the second ODI between the teams in as many years and sees Scotland, an amateur side, take on the elite of world cricket once again following on from recent games with India, Australia and Pakistan.
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