With a 4.5%1 increase on house prices in June compared to last year, the competition is high for anyone looking to invest in a buy-to-let property.
We’ve seen a post-election boost of activity
from buyers which continues to push house prices up. We’re also still seeing a tighter
supply with the number of properties coming to market down 8.5% on same period
a year ago1.
So what does this mean for the buy to let market?
ever growing tenant demand for property and low interest rates, the buy-to-let
market is continuing to flourish, and demand for property is fuelling this
corner of the property sector. With many parts of the UK experiencing excellent
capital growth over the last 12 months, below are some of the areas that have strong
buy-to-let markets combined with capital growth:
Bristol has experienced average capital growth of 9% over the last 12 months1 with suburbs such as Keynsham experiencing capital gain growth of 14%. Bristol has excellent transport links which connect the city including the M5 and M4 which connect to the City Centre by the M32 motorway. Bristol also lays claim to the ‘European Green Capital Award’ in 2015.
Romford has experienced capital growth of 10% over the last 12 months1. Recognised in the London Plan as one of 13 regionally significant metropolitan centres in Greater London, Romford transport links are again well serviced. Trains calling at Romford train station are part of the high-frequency Liverpool Street-Shenfield local TFL Rail service. It is planned that the Liverpool Street-Shenfield service will be replaced by Crossrail in 2018 and there is a proposal that Romford will be served by a future extension of the East London Transit plan.
Redhill is a town in the borough of Reigate and Banstead in Surrey. Whilst the town is a hub in commercial terms, with a shopping centre and several offices of large companies, it is also well served by its excellent transport links. Redhill to London Victoria is approximately 30 minutes or so via train, and London Gatwick Airport lies about seven miles to the south. Heathrow airport is thirty miles to the north-west, and both Luton and London City airports are accessible by train. Redhill has experienced capital growth of an astonishing 18% over the last 12 months1 which is one of the highest capital growth areas outside of London.
If you’re looking to invest in or outside of those areas and would like some advice give me a call on 07483 127825 or by email at firstname.lastname@example.org, I’d be happy to talk through your investment plan.
Members of Andrews Investor Club (AIC) qualify for free portfolio performance reviews so why not get in touch with me on 07483 127825 or by email at email@example.com. If you’re not yet a member sign-up here.
– Sold house price data, June 2015