Buy to let looking less attractive
Recent interest rate rises (four since last August, and another confidently expected in July) have made the buy-to-let market less attractive for investors. For the first time in a number of years, returns from investment in banks and building societies are higher than that from BTL.
In addition to this, the introduction of HIPS has meant that houses that were up for sale have now become available for rent, flooding the rental market.
That doesn’t include properties in SW19, of course, where for just two weeks every year, a large family house can cost between £3,000 and £6,000 per week to rent for the period of the Winbledon Tennis Championships. However, prices are up in the millions in Wimbledon village, which makes a very poor return for investors. Contact Tennis London to find that must-have property.