Buy-to-let outlook looks promising for 2022
With house prices forecast to continue to rise in the new year, coupled with mortgage rates remaining low, 2022 is set to be a good time for landlords to build their property portfolios.
Capital appreciation
Almost every region in the UK is forecast to see accelerated capital growth in 2022. Some regions are likely to see higher growth than others. The north of England, for example, is pegged to see the biggest growth in forthcoming months.
The current climate is attractive to buy-to-let landlords looking for long-term property investment as they are likelier to benefit from the market’s prospects for capital appreciation.
Many experts in the sector are making positive forecasts for the rental industry in the forthcoming year.
One such expert is Bob Young, chief executive officer of Fleet Mortgages. Writing for Mortgage Solutions, Young said the buy-to-let outlook for next year looks “incredibly promising.”
“… Looking ahead to 2022, particularly within the buy-to-let (BTL) market, I can only feel incredibly positive about the market..” wrote Young.
Tips for getting the best buy-to-let deals
If you are thinking of making a buy-to-let purchase in 2022, or increasing your property portfolio, there are steps you should take to ensure you purchase a property with the potential for high rental yields and significant capital growth.
Purchase in the right area
Do your homework and buy a property in an area, not only where there is strong demand for rental homes, but also in a city or town witnessing rising levels of capital growth.
Invest in the right type of property
Lockdown has significantly altered what people are looking for when renting out a property. For example, there is greater demand for homes with gardens and outdoor space. With more people working from home, properties with fast internet speeds are also in hot demand.
These important factors should be considered when looking for a property to buy to let out.
Buy at auction
Buying at auction can be an effective way to find the ideal property investment.
Take a look at the diverse range of lots listed in our forthcoming property auction in London.