What a year it’s been! There was an unanticipated snap general election, the unexpected result, and consequently what we have now – a weakened government with a resilient Theresa May at the helm. Surely 2018 is going to be a lot less eventful!
Political and economic uncertainty has contributed to what has also been a rather difficult year for the private rented sector, underpinned by a raft of anti-landlords policies introduced by the government, and yet for many people buy-to-let continues to look an attractive income investment at a time of low saving rates and stock market volatility.
Despite the phasing out of mortgage interest relief and stringent new rules for mortgage lending to buy-to-let investors with multiple properties, or the fact that the average rental yield in the UK has dropped, investors continue to be drawn to the buy-to-let market as the returns routinely outperform those of other investments.
Next year is likely to once again be a challenging time for buy-to-let landlords in the UK, but whatever happens, we will continue to keep you up-to-date with all the latest news, views and trends across the private rented sector.
We wish you all the best for a successful 2018!