It is extremely important for buy-to-let investors to keep up to date with an ever-changing market. The Knight Knox Quarterly Report compiles market trends, tracks average price rises and provides information on key buy-to-let hotspots.
Q4 2016 finished off another excellent year for landlords in the UK. There was concern over the year that government measures to curb the industry would result in a problem for the buy-to-let sector, but this proved to be a false alarm. By the end of the year, rental yields were up by an average of 3% outside London and property values increased by an average of 6.5% across the UK.
The number of remortgages also increased significantly in Q4 2016, with people continuing to take advantage of the improving mortgage rates on offer. The share of remortgages which were carried out in Q4 2016 with the aim of financing further buy-to-let purchases was almost 40%, thereby proving the strength of the market once again. All the signs point to 2017 being another great year for UK property investors.
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