Buy-to-let investors are still very much at the top of the property game with a 5% rise in landlords in the last tax year.
Investors continue to see residential property as a strong investment, despite the current uncertainty within the housing market. A decrease in transactions has seen price fluctuations in certain areas and this has contributed to a ‘buyer’s market’ presenting good opportunities for new landlords.
In the UK, the number of investors has increased to a record high of 2.5 million even with the 3% stamp duty levy introduced by the government, new stress tests for home loans and the end of mortgage interest tax relief.
Despite government funding and the Help to Buy scheme assisting first-time buyers to take an initial step onto the property ladder, the rental market is still as prominent as ever as millennials struggle to save. London-focused estate agent Ludlow Thompson says, ‘The long-term picture for the buy-to-let market remains strong’.
Fortitudo is currently offering apartments to investors in Ashley Cross, Poole. A location that is popular with young professions which has great transport links locally and a direct service to London Waterloo. The apartments, named ‘The Cross’, also benefit from shops, bars and restaurants on the doorstep. To find out more visit www.fortitudoproperty.com.
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