With savers continuing to receive poor returns from banks and building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of choice.
Despite a challenging 2017 for the buy-to-let market, characterised by tax and regulatory changes, investment in buy-to-let continues to outperform most major asset classes, as Britain’s rented sector continues to expand, with a sixth of the population – some 10 million people – now living in accommodation rented from private landlords, which is roughly double the volume recorded in 2000, according to Knight Frank.
The latest ONS Wealth and Assets Survey covering the period July 2016 to June 2017 found that almost half of Britons - 49% - considered that property would make the most of their money, continuing the rising popularity for this option since July 2012.
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Why is this Government wasting valuable Parliamentary time doing so much to discourage 'Buy to Let' just to try and appease a popular vote. They are missing the point, that the popular vote needs somewhere to live and reducing numbers of properties available, as they are sold off and increasing rents to compensate for the costs of greater regulation and overheads, is not helping anyone.
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