Recent changes in the UK property market have left many investors feeling uncertain. With the change in capital gains tax, reduction in allowances, and increase in mortgage rates, some investors are throwing in the towel. However, for those with spare cash, this could be the perfect time to invest in property.
The current climate presents a great opportunity for investors to increase their portfolios. As many landlords leave the game thanks to regulations and increased costs, new investors are appearing, eager to take their place. With prices expected to drop, now may be the time to make a move.
Out with the old, in with the new
Over the last five years, landlords have been repeatedly penalised, making it difficult for them to turn a profit. This has led to many older investors choosing to retire from the game, as the profit margin is nowhere near as good as it used to be. Interestingly, we’ve seen younger people coming in and taking their place, keen to take advantage of the changing market without the comparison of yesteryear.
Rise of buy-to-let
Buy-to-let is on the rise as some people can’t get mortgages and fixed rates are harder to come by. However, with the right training and guidance, this could be a very positive time for upcoming investors. If you do have spare cash and are looking to invest in property, now could be the time to do it.
If you’re not 100% ready or are interested in learning more about investing in property, then why not attend a local property investment event or webinar? These are great ways to learn more about the market and connect with other investors.
Of course, it’s important to exercise caution when investing in property. While the market may be changing, it’s still a complex field that requires a lot of research and knowledge. It’s important to do your due diligence and get plenty of professional advice before making any investment decisions.
Either way, it’s clear that the UK property market is changing, and now may be the perfect time to invest. With the right training and guidance, this could be a very positive time for those looking to enter the market. Just remember to exercise caution and get professional advice before making any investment decisions.
Do you have more questions?
If you have questions about any aspect of your business finances, please get in touch with the Trinity team.