Right now, could be the perfect time for landlords to grow their portfolios
The latest housing market survey from the Royal Institution of Chartered Surveyors (RICS) shows that house prices are flat to falling as demand from home-buyers is weak, while new instruction levels are also low. At the same time, the survey also shows that demand for rental homes is continuing to rise, however, new supply of them coming to the market remains tight.
Number of international landlords in the UK's PRS rises
With rental property in the UK in such high demand, it’s interesting to know that the proportion of international landlords who own buy-to-let properties in the UK has risen in the first ten months of 2019. That’s the first time this has happened since 2010 and suggests overseas property investors are taking advantage of a weaker British pound.
Calls for the removal of the 3% landlord stamp duty tax
As the 2019 General Election draws closer, different bodies are putting forward their views for the next Government to consider. Among them are calls from one group for the removal of the 3% landlord stamp duty tax, chargeable when someone buys more than one property.
BTL landlords in East Midlands most optimistic
Buy-to-Let (BTL) landlords operating and renting out properties in the Private Rental Sector (PRS) in the East Midlands are the most optimistic in the UK. A new survey shows that rental yields in the region were the joint highest, while expectations for future yields were also positive. This goes to show that although there is some concern among landlords about the heavy regulatory burden they now carry, a good income can still be achieved.
Could a PRS rental crisis be on the way?
New research from the Rental Landlords Association (RLA) shows that a growing number of landlords are planning to sell their Buy-to-Let properties in the next 12 months. This suggests the current housing crisis, where there just aren't enough affordable homes of every tenure, could get even worse.
Planned eviction reforms won't support rental market improvements
As the UK Government continues to move ahead with plans to remove the Section 21 eviction process, which is currently in the consultation phase of planning changes, two separate groups have stated that such action is unlikely to have a positive outcome.