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Strong mid-year performance with £34m invested in existing homes and 457 new homes completed • Turnover rose to £167m, up 9% from 2023 (£153m). Turnover from social housing lettings was £147m, 88% of total turnover • Operating surplus was £50m (2023: £48m) and post-tax surplus was £36m (2023: £33m) • Operating margin on social housing lettings maintained at 34% (2023: 34%)  • Overall operating margin was 30% (2023: 31%) After being named as England's biggest builder of social rent homes, we have continued to invest in our development programme and have completed 457 new homes during the past six months, of which 220 were for social rent. With our in-house construction team building 53 of the completed homes. This marks another period of robust financial performance for Bromford as we continue to invest in our existing homes and provide new affordable, energy efficient homes. More info - https://bit.ly/4fdW0Xb #UKHousing #TradingUpdate Rachel Hurst PAUL WALSH Amanda Swann Clare Crawford Catherine Jarrett Martyn Blackman

💥 New purchase alert! 💥 We completed on the purchase of the building on the left two weeks ago, thankfully a couple of days before the Budget, so we avoided an additional £10k of stamp duty! We already own the building on the right, having bought that several months ago. Each building consists of four self-contained flats, and are located in Bedford town centre. The refurbishment of the flats and communal areas is underway, which is a significant undertaking as the previous owners invested £zero capital towards improvements over their 40 years of ownership. We’re in the process of drawing up plans to add additional flats to the rear, which is in keeping with other buildings in the area, so we’re hopeful this will be approved quickly. It is probable that the buildings will be leased to one of a number of housing providers that have shown an interest, though discussions have not yet concluded. Alternatively these will rent very well on the open market. Whilst we may retain these buildings in our private portfolio we have multiple exit options in place should we decide to sell. I’ll share the financial summary once all details have been pinned down, hopefully in the coming weeks. 👊🏽 Longridge Property is urgently seeking similar opportunities in Bedford and surrounding areas. #Bedford #Property #Invest #BTL #Residential #Investor #Flats #Apartments #UK #Finance #Investment #Yield #Business

My Favorite Quotes from Chapter 1 of "The Great Housing Hijack." “The problem is age-old” “Can anyone seriously think that this group of property owners wants “affordable housing” if that means cheaper rents and lower property prices?” “... the symmetry of property markets. For every tenant who gets a lower rent, there is a landlord who loses an equal and opposite amount of investment income.” “The dream of cheap housing is also the dream of bad investment returns for landlords.” “Every time a renter or a non-property-owner wins, a property owner loses.” https://lnkd.in/g2BCQZTR

Manufactured Homes: A Solution to the Housing Crisis https://lnkd.in/enVJiRBR In light of Michigan's ongoing housing crisis, the role of out-of-state investors in manufactured home communities has become increasingly crucial. These investors, often criticized for their non-local status, are essential for providing the capital needed for significant improvements and expansions in these communities. Read more: https://lnkd.in/enVJiRBR #manufacturedhomes #housingcrisis #affordablehousing #realestate #housingmarket #prefabhomes #homeownership #housingtrends #realestatenews

Many people think that institutional investors control too much of the single-family housing market. The truth is that large providers own 600,000 homes in the United States. This only accounts for 0.4% of the total single-family residential housing market across the country. In reality the largest owner of this market (with 90% market share) are individuals or small local businesses that own no more than 2 properties. #fixnflip #development #investmentrealestate #realestate #CommercialLending #privatelending #realestateinvesting

Christopher Luxon Christopher Bishop 1. What’s the social housing new build targets for KO and the others state departments who stuck their hands into delivery? 2. What will be the funds provided to the community housing providers and what will be their targets? 3. How much existing land and houses will get transferred to Iwi? How much funding or enablers will they get to get houses built? 4. What land will be put on the market to be sold to private developers? 5. Will you underwrite new property developments for state/chp/market housing and if so what is your target number of houses? And what will the catchy name be? 6. Which consulting firms are currently advising you on the so called silver bullet called PPP? 7. Have you done your sums and risk analysis before you promote cottage industry modular solutions or buying containers from foreign countries ? And when to all the above (if any)? You do realise the industry is grinding to a halt….everyone else is just too polite as their businesss crumbles as the limbo lingers, to say anything. At least the communists promoted one thing right to me: Fight, fight, fight.

The publication of the draft new housing law 'killed off all interest in build to rent housing in Scotland for the foreseeable future', senior industry figures have said. In the final part of our exclusive special series, investors and industry chiefs have said damage is already done to Scotland's housing stock with new investments worth billions shelved. It comes as Living Rent, the tenants' union, said that 'effective rent controls are a crucial part of the solution to Scotland's housing emergency'. EXCLUSIVE SPECIAL SERIES 📈 Part Three: SNP housing law ‘killed off all interest’ in building homes to rent Article: https://lnkd.in/eQK3TnMh More Homes More Quickly Scottish Association of Landlords Scottish Land & Estates Scottish Property Federation Propertymark The Association for Rental Living Hearthstone Investments Rettie #rentcontrols #housingbill #specialseries

Crikey !! There’s a crisis in Welsh housing delivery. Much like the rest of the UK, government delivery of housing is years behind. But it’s a rather sobering statistic that 2023/24 had the second lowest number (4,754) of new home completions in Wales since Stats Wales started keeping records in 1974/75. Only during the COVID period of 2020/21 was output lower (4,616). According to a report by Lichfields, there has been a steady decline in house building activity in Wales over the past 25 years. Average output has fallen by 45% from over 9,200 in the 1990s to 5,110 dwellings in the first four years of the 2020s. By contrast in England over the same period house building activity has increased by 15% (though they too suffer huge shortages overall). The need to boost the supply of housing has never been more critical. Which means that, as an investor, you should see it as your duty to help refurbish and repurpose as many properties as possible to give people renewed safe, comfortable homes to rent or buy. Visit stjamesproperty.co.uk to find out how we help you build your portfolio and let’s have a chat. #stjamespropertygroup #ukproperty #investment #wales #investwales #cardiff #propertyinvestment #propertymanagement #property #propertytips #earlyretirement #handsfreeinvesting #highyields #compounding #ceo #businessowners

🚀 New Investment/Lending Opportunity Alert! 🚀 We are excited to share a prime new build residential project in Suffolk now listed on #Deallocker. This development involves 9 chalet-style, 3-bedroom detached houses, presenting a robust exit strategy through sale and an attractive project profit margin. Key Highlights: 🏠 Charge: Second 🏠 Interest Rate: 20.00% 🏠 Required: £286.3k 🏠 Loan-to-value (LTV): 72% 🏠 Loan-to-cost (LTC): 85.6% 🏠 Exit Value: £6.2M 🏠 Risk Category: Value-Add 🏠 Seasoned developer with 14.4% equity 🏠 Secured planning consent and exchanged contracts 🏠 Personal guarantee covering 50% of the second charge loan 🏠 Senior debt at 65.89% of gross development value 🏠 18-month deal length with completion expected by January 2026 🏠 Projected gross profit: £980,347 This opportunity offers a sensible leverage and a solid exit value, making it an appealing choice for investors. As always, we encourage thorough due diligence on the regional property market and sales assumptions to validate the projected returns. Explore more about this project and consider funding here https://lnkd.in/eSMQ6DgX #PropertyInvestment #RealEstate #InvestmentOpportunity #SuffolkDevelopment

If you get along well with people, there is a unique type of housing that could be ideal for you. Check out this article to learn more about cooperative housing and how it is financed. #coops https://ow.ly/MzkI50R50E0