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.
The first three months of 2017 was a very positive period for buy-to-let investors. In 2016 the market resisted the uncertainty engendered by Brexit and proved itself to be one of the most reliable investment classes available to investors from around the world.
Growth reached as high as 4.5% in Q1 2017 and this led to the UK seeing its highest ever house prices with the average property value reaching more than £313,000. With this in mind, perhaps it was no surprise that subsequent studies from various outlets confirmed that homeownership in the UK is at its lowest level since 1985. This is an inevitable consequence of house prices growing inexorably at the same time as real wages increasing at their lowest levels for decades, leading to a situation where house are now worth between six and eight times the average wage.
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