The Bank of England is considering easing mortgage rules in a move that could boost house prices.
House price growth hit a 15-year high in November as momentum in the market continued to show no signs of abating, according to the Halifax house price index.
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.
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