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.
Q2 2019 carried on the strong trends seen in the first quarter and, in some cases, improved on them. The annual growth in rents was consolidated and most regions of the UK saw considerable rental growth over the three-month period. Rightmove analysis shows that this is because demand for rental homes continues to outstrip supply – a situation which it is hard to see changing anytime soon.
The ban on most tenant fees was also big news in Q2 2019. With concerns rising about the cost of renting – especially relevant in a time when the number of households in the sector is increasing every year – the government decided to act and reduce the costs that tenants face at the outset, and for the duration of, a tenancy. By attempting to ensure the fees charged represent the real value of a tenancy, it is hoped that the rental sector will be made fairer and more attractive.
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