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 second quarter of 2017 has been another positive period with the snap general election in June having very little impact on the property market. A slight drop in house prices during the first two months was reversed with house prices increasing 1.1% month-on-month in June, showing just how resilient the property market is once again.
New tax regulations came into effect in April this year and although there were initial fears of how it would affect the market, there have been no major setbacks. One noticeable change is that it has prompted landlords to look for better property investment opportunities with many now turning their attention to regions where they can achieve higher yields. Overall, house prices up by 2.6% and average rent income increasing by 2.8% from the first quarter of 2017. The property market in the North of the UK performed particularly well with the demand for rental property outstripping supply and pushing up rents prices.
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