The current buy to let market is growing from strength
to strength thanks to the demand of tenants for rental property. This could be a side
affect of first time buyers unable to get onto the property ladder, but it’s merely speculation.
Buy to let mortgages climbed an enormous 50% percent up from last year. They are said to be the
strongest investments of the last ten years.
This is suspected to come to a slow due to the constant increases in interest rates it is becoming
increasing difficult to make a profit from a buy to let property. Those looking to make a quick buck from
renting should now do their research and be aware that they must now be in it for the long run.
The decline in the buy to let market is expected to happen nationally but in certain pockets of the country,
where big development and investment is planned, the buy to let market will continue to grow. For example,
in East London the development for new housing and the rental market has boomed and will continue to do so
for at least the next ten years.
The government is planning a massive regional economic development across the country, which means they’ll be improving public transport and building normal and affordable housing. |