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 Private Rented Sector (PRS) was uncharacteristically active during the third quarter of 2019. In the aftermath of the Tenant Fees Act, we saw an increase in demand for accommodation in the PRS which put further strain on the existing supply and resulted in an upward pressure on asking rents. Despite the initial concerns that the ban on tenant fees would negatively affect activity in the PRS, it has actually created a lot of opportunities for investors.
Brexit continued to be a huge talking point in Q3 and as the assumed deadline edged closer, a lot of investors decided to put their investment activity on hiatus until the deadline passes. However, despite taking a ‘wait and see’ approach, investors were still confident that Brexit will not have a long-term negative impact on the housing market and we should expect to see a surge in investment activity once we leave the EU. One area of the UK that seemed to be resistant to Brexit worries was the North of England. According to Zoopla, it was revealed that cities like Manchester and Liverpool saw the biggest year-on-year increase in house prices.
Please enter an email address for the report to be sent to:
Why not take a look at more publications by Knight Knox? View our other guides »