Last year or two have been full of ups and downs for property investment market in UK. Most of the investors hesitated from buying a house at property auctions in UK. The whole credit goes to Brexit and other political and financial decisions taken by the government of UK on domestic as well as international level. For example:
· 3% additional stamp duty on purchasing a second house.
· New Mortgage/Lending Rules
· The value of pound falling to record low of 31 years.
· The resignation of David Cameron, the then British Prime Minister.
But there is something positive for the market to grow. The number of home investors ready to purchase buy to let property for sale has reached the milestone of 2.5 million in this tax year. This number has been consistently going up for about five years. More importantly, despite the emergence of Birmingham, Sheffield, Liverpool, and Manchester as an affordable town for property investors, London still rules the roost.
Property investment agents in London constantly reporting Increase in demand and shortage of supply in London. This factor has clearly played a key role to increase the number of home buyers at property auctions in UK.
In such a scenario, the price of residential properties are likely to shoot up like your blood pressure. Therefore, if you are a landlord and want to make the most of such a situation then call us right now!
Book your seat to our property seminars in London.
Our experienced market agents will help you on this front with their wealth of experience.