With the lockdown restrictions on moving home in the United Kingdom being lifted, the current stamp duty tax break that could save you thousands of pounds, the boom in property sales and more; now is the perfect time to invest in a house in the UK. Here are just 3 of the incentives that are making property investment a wise choice right now:
1 – The positive predictions on house prices
One of the main reasons why you’re going to want to invest in a property is to earn a profit at the end of it – and the fact that the prices are estimated to rise over the next few years is a sign that now is the ideal time to get started on your goal.
Of course, we can’t know for sure how the prices will go, but based on the swift recovery we’re seeing in London’s market and the fact that it’s very likely that some areas are going to over-perform when compared to the national average, there’s a lot to entice entrepreneurs and investors to buy properties in the United Kingdom in 2020.
2 – Rental returns are likely to rise
Better yet for anyone considering investing in a buy to let house, the fact that the market is becoming more competitive has led to the costs of rent increasing across the nation. If you invest now and rent out, you’re likely to find that the amount you can charge is only going to get better and better as time goes on. Quite a few areas are predicted to increase by at least 10% over the next few years, providing property investors with an excellent opportunity to buy now and profit later.
All this is made even more attractive by the fact that renting tends to be a popular option across the UK, with nearly 4 out of 10 people under the age of thirty renting privately.
3 – The current regeneration of the market
Cities like Manchester and Birmingham are already flourishing despite the many months of quarantine that halted sales – and if this is any indication of how things will further improve, it’s well worth putting in some consideration on how well the market is currently doing, as well as prospects for the future.
The speed of the recovery that many parts of the UK are seeing has encouraged a broad range of people to try and profit from the success, which has caused a mini boom in the market. While this influx of buyers may not last too long, the stamp duty break isn’t available forever, so there are likely to be many people hoping to invest during this timeframe to save thousands on their property purchases.
It’s also worth noting that the prices in London have been increasing tremendously over the last ten years, with many individuals being rewarded with high profits from their investments.
This and so much more
It shouldn’t be surprising that investing in the UK is such a popular option – and it might be worth taking advantage of the many benefits sooner rather than later.