Why UK landlords are flocking to Portugal

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Have you ever heard of the Portugal non-habitual residents scheme?

By the time you have finished reading this short article, I think you will probably want to find out more, and I will be pleased to help 🙂

The non-habitual resident (“NHR�) taxation regime came into force in Portugal in 2009 and is proving very successful at attracting individuals of independent means to establish residency in Portugal for tax purposes

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Private Rented sector up 36% in 10 years

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Renting Growth:

A new report has found that the private rented sector (PRS) has grown by 36% over the last 10 years – twice the rate of household growth.

This growth is set to continue largely due to a decline in home ­­ownership, particularly among younger and middle-aged …….. faced with rising house prices and a shrinking social housing sector.

Debt-based financing of properties has also increased significantly, with the report suggesting a regulation re-think.

Sound familiar, well absolutely, yes, except this is a report about New South Wales, Australia.

The point is that the UK is far from unique with its housing problems. The same issues are reflected across many advanced countries, especially the Anglosphere of US, Canada, Australia and New Zealand. The problems are virtually identical.

This particular report for anyone interested the Future of the private rental sector is the final report from a AHURI Inquiry undertaken by researchers from UNSW Sydney and Swinburne University of Technology. It looks into the “evolving institutions, policies and practices of the private rental sector in Australia and nine other countries from 2006-2016.�

Even ahead of the UK (at 20%) is this statistic; more than a quarter of all Australian households, around 2.1 million households, are renting privately. Also ahead of the UK, Australia has “the highest level of household debt related to housing for both owner-occupied and rental housing of the 10 countries examined.�

The report’s author Dr Martin states:

“The Australian private rental sector is unusual in that it displays a high degree of integration with the owner-occupied sector – that is, houses and flats transfer between the two sectors,� says researcher Dr Chris Martin from UNSW Built Environment.

“In most other countries, it is common for rental housing stock to be more differentiated.

“Australia’s integration of housing sectors heightens the prospect that, in the event of an economic shock like the GFC, investment in both sectors falls simultaneously with little established institutional capacity for countercyclical investment.�

The sector is also diversifying with the development of niche markets and services, and a growing ‘informal’ sector characterised by a lack of transparency and tenure protection.

“Our research found the Australian private rental sector is fragmenting into more specialised markets, particularly at the low-price end of the market,�

“Together with the older forms of marginal housing such as residential parks and rooming houses, we’re seeing newer markets such as the student housing sector, new generation boarding houses in NSW, developers retaining units for rent, an affordable rental sector provided by not-for-profit organisations, and a growing informal sector.�

Low-income and vulnerable households face particular barriers accessing and maintaining housing in the private rental sector, says the report. It suggests that rental property investment is skewed toward moderately to highly priced rentals with limited and insufficient dwellings accessible at the low-rent end.

The report also highlights the trend, which is across the countries, with concerns about the growing informal sector:

“Informal housing arrangements like room and short-stay rentals are growing and they are often under policy-makers’ radar unless there are health and safety issues,� says Dr Martin.

The research also found evidence that some rogue landlords acting in unscrupulous ways to increase income by overcrowding their dwellings and converting living areas into sleeping space.

All rather familiar and an insight into how the problems faced by the UK’s private rented sector are pretty much the same the world over.

Acknowledgements to the University of New South Wales (UNSW) Newsroom

[Image: Sydney Harbour Bridge]

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Private Rented sector up 36% in 10 years | LandlordZONE.

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What does the future hold for landlords? Dr Tom Simcock shares his view

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RLA PEARL Senior Researcher Dr Tom Simcock will be speaking at our Future Renting conference taking place next month in London, delivering the session: “Building the evidence for changeâ€�. Here, Tom shares what he thinks the future holds for landlords. The private rented sector has grown significantly over the last 20 years, doubling in size […]

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What does Selective Licencing actually achieve?

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From what I have seen, the vast majority of prosecutions are for landlords not having a licence.

Hang on a minute?

I thought the whole idea behind licencing was to improve the rented sector?

How does prosecuting a person for not having a licence achieve that?

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BLOG: Universal Credit and pursuing complaints

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RLA trainer, and housing benefits expert Bill Irvine, returns with his Universal Credit column for private landlords housing benefit tenants. Here, Bill describes one of his recent cases around recouping losses and explains how to pursue complaints, when mistakes have been made. The following case, published on the local government and social care ombudsman website relates […]

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Landlords call for greater ambition to improve energy efficiency of rented homes

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LANDLORDS are calling on the Government to be more ambitions when it comes to the energy efficiency of rented housing. Since April, all new or renewed private sector tenancies require properties to have at least an ‘E’ rating on their Energy Performance Certificate. From 2020 that will apply to all private rented homes. Whilst the […]

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Repair kitchen for tenant or pay more Nottingham licence fees?

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Dear Licensing,

Please find enclosed 2 screenshots of my credit card transactions so far: 25 Licenses on it in the space of about 9 days at £360 each

I need some advice.

I have a kitchen to do on one of my houses.

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Selective Licensing in Leeds at £825 per property!

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I have just heard about proposals for selective licensing in parts of Beeston and Harehills in Leeds.

I am quite shocked as 12 of my 15 properties fall within the proposed area in Beeston. At £825 per property this would cost me £9,900.

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Title Splitting – SASS, SPV?

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What is the best way to structure this please ?
I am very close to purchasing (with cash) a mixed use property – large salon plus 3bed flat, 2bed flat, 1bed flat, 3 garages with a large garden –

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Three Generation Households – by Fergus Wilson

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If Councils up and down the Country ask the question Have you got any children under age five years in this property there is a reason for the Question.

The clue is in Cllr Paul Clokie’s statement The council’s cabinet member for housing Cllr Paul Clokie said: “In cases such as this where a young family were without hot running water and the matter was not resolved

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