A great Time To Invest In The Property Market

Although there has been widespread reporting of a number of setbacks for landlords in recent times – including a stamp duty surcharge and incoming tax relief cuts – we believe that due to the overall strength of the rental sector, landlords shouldn’t be put off from investing.

In fact, now remains a useful time to be a landlord, as the demand for rental property has never been higher, and looks to increase even further during the next decade, according to several new reports.

According to PwC, 64% of Brits born in the 1960’s and 1970’s bought a property by the time they were 35. In a stark comparison, just 26% of those currently aged from 20-39 are set to buy a property by 2025 – while the rest are expected to remain living in the Private Rented Sector (PRS).

This is music to the ears of landlords, as fewer people owning homes equals a higher demand for rental properties.

Tenants are also renting for a lot longer, the survey revealed, as rising house prices and unattainable deposits and mortgages make it more difficult to get on the housing ladder.

For landlords, this means demand will remain high which will contribute towards keeping void periods to the absolute minimum.
Of course, rental demand and rental prices vary across the UK, with certain locations providing better returns than others.

If you would like to find out more about becoming a buy-to-let investor, or want tips on how to successfully grow your rental portfolio, then please don’t hesitate to call me on 01327 879431.