Currently, the average UK house price is £291,044 with 0.2% price growth, according to the HM Land Registry UK House Price Index. This
The Homelet Rental Index indicates that the average rental cost in the UK is £1,283 PCM with a 9.56% annual growth.
The figures show that property price growth has been outpaced by rental growth, suggesting that the current economic landscape may work for residential buy-to-let landlords.
Nationwide’s October House Price Index showed that house prices grew by 0.9% from their September average. With interest rates holding, this is another step in the right direction for the housing market.
Landlords agree. According to a recent survey by Leaders Romans Group, 75% of landlords see the current supply and demand in the housing market as a reason to add properties to their portfolio.
In comparison, 62% of landlords view the market as an opportunity to enjoy higher-than-usual rental yields.
In addition, easyMoney predicts property prices to reach £300K on average by 2025. While prices may remain low in 2023 and 2024, this could be the last opportunity for buy-to-let investors to take advantage of current prices before increased demand pushes house values up again.
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