The residential landlord market provides a mixed picture in terms of its current state and future outlook. While it has undergone significant growth over recent years, the market is ripe for change following government plans to raise taxes on secondary properties and increase stamp duty. Landlords may also be vulnerable to interest rate changes, which have caused some financial providers to revamp their lending criteria and introduce tougher restrictions. This is a concern for insurers that have previously enjoyed the buoyancy of the market. Insurance providers are primarily in the market for accidental landlords – those acquiring properties by ways other than outright purchase. And as lending rules strengthen and it becomes increasingly difficult to attain a buy-to-let mortgage, this may become a principal route to market for insurers.
However, although the number of those offering rented accommodation through a secondary home has declined from last year, providers are adamant the market’s value will continue to grow, especially as investors rush to buy a second property and attempt to beat the tax hikes. On the commercial landlord side, the firms involved in the real estate and rental space are moving towards the expansion of investment in commercial property outside of London. This is becoming a preferred option due to the prospect of gaining a better return on the investment, including more financial gain or an improvement on the space acquired for rental purposes, such as a larger office area at a reduced cost than if the space was to be rented in the capital.
Browse the Full UK Private and Commercial Landlord Insurance Market Report at – http://www.radiantinsights.com/research/uk-private-and-commercial-landlord-insurance-2016
Key Findings
-The proportion of consumers offering rented accommodation in the UK through a secondary property has fallen year-on-year from 60.3% in 2014 to 56.5% in 2015.
-Contacting the insurer directly is the main distribution platform for private landlords, with 43.0% of consumers opting to purchase insurance via this channel.
– Telephone is the most popular method of arranging cover in the real estate and renting space, with 46.9% of SMEs opting for this medium.
Related Report of this category by Radiant Insights
• Wealth Market in Germany
Rising disposable income, a relatively strong economic outlook, and a healthy stock market performance will all drive growth in the German wealth market. The retail savings and investments market increased by 4.8% in 2015, and is forecast to grow by 4.3% a year to 2019, reflecting the maturity and strength of the sector in Germany.
• Australian mass affluent market
http://www.radiantinsights.com/research/mass-affluents-attitudes-and-needs-in-australia
The Australian mass affluent market offers a large pool of consumers. With a very large asset base, this segment of consumers offers a lot of potential business for providers. The mass affluent segment in Australia tends to be older, with over 75% having combined assets of A$300,000 on average. At the same time this consumer group also tends to be more conservative with their liquidity. Hence, this set of consumers is driven by the trust and relationships that are established with their banking providers.
Other Reports by Radiant Insights:
• Tert-Butyl isocyanate Industry
The ‘Global and Chinese tert-Butyl isocyanate Industry, 2010-2020 Market Research Report’ is a professional and in-depth study on the current state of the global tert-Butyl isocyanate industry with a focus on the Chinese market. The report provides key statistics on the market status of the tert-Butyl isocyanate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
• CNC System for Metal Forming Machine Tool Industry
The report provides key statistics on the market status of the CNC System for Metal Forming Machine Tool manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2010-2015 market shares for each company.
Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: sales@radiantinsights.com
Phone: (415) 349-0054, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.radiantinsights.com/research/uk-private-and-commercial-landlord-insurance-2016