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.
Q1 2018 saw the UK rental market pick up where it left off at the end of 2017. Rents remained strong, and house prices continued on an upward trajectory; all in all, buy-to-let investors should be pleased with how the year began, and should also be positive about how the rest of 2018 is shaping up.
One of the big stories which appeared in Q1 2018 was that, over the previous year, tenants paid a total of £51.6bn to landlords in the form of rent – more than double the £22.6bn paid out in 2007. In comparison, the total paid for mortgages over 2017 fell by £6.4bn to a total of £57.4bn, leading many to wonder when annual rent payments would eclipse annual mortgage payments in the UK.
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