Increasing numbers of commentators are forecasting that the Bank of England will not, after all, raise the base rate next week.
Demand for private rental housing is at an all-time high, with even London landlords reporting a significant uptick as workers return to the capital post pandemic.
Annual house price growth hit 10.0 per cent last month - and is now tracking close to the level seen before the 2007 crash.
Annual housing supply in England amounted to 216,490 net additional dwellings in 2020-21, down 11% on 2019-20, according to the Department for Levelling Up, Housing and Communities.
The average private rents in September were 4.6% higher than a year earlier at £968 a month, says Zoopla.
There’s no denying that recent tax changes have made the buy-to-let market less attractive for investors. Yet it’s still a tempting option with the potential for excellent financial returns. Donna McCreadie, partner and property specialist at Perrys Chartered Accountants, looks at the current landscape and explains why buy-to-let is still a viable investment.
New analysis carried out by Knight Frank has highlighted the areas which have seen the biggest increase in the value of their housing stock over the course of the pandemic, with the top three largest rises over the period all found in north-west England: namely Rossendale (24.2%), the Wirral (21.6%) and Liverpool (21.6%).
- Bank of England Holds Interest Rates
- Average House Price Tops £250k as Interest Rate Rises Loom
- Senior Analyst says: House Prices Will Still Rise Even After Interest Rate Hike
- Interest Rate Rise – Could It Actually Be Good For House Sales?
- Which Areas Promise the Biggest Property Value Increases?
- Fall-Throughs at all Time Low
- More Landlords Selling Up!
- House Price Growth Remains in Double Digits