Rental homes are in demand, as confidence in the sales market slips
It seems everyone in the property market agrees that the slowdown in transactions in the private sales market is because of fears that a chaotic Brexit could see house prices fall. But it’s not just private house sales that are slowing down. According to analysis of HMRC data, buy-to-let investors spent £12.1 billion on property purchases in the first half of 2018, compared to £17.3 billion in the first six months of 2015.
But for many people, renting a home offers both the flexibility to move whenever they would like and leaves them free from the worry of home repairs and maintenance. Rents are rising in line with inflation, ensuring they remain affordable.
Meanwhile, landlords looking for long-term returns can look forward to steady rental price growth, and despite any short-term uncertainty, investors can expect to enjoy property price growth over the longer term.
This proves that the market continues to work for both tenants and landlords alike, and it’s why we believe its growth should be encouraged.